Economic Situation Debate

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Department: HM Treasury

Economic Situation

Alexander Stafford Excerpts
Wednesday 12th October 2022

(1 year, 7 months ago)

Commons Chamber
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Chris Philp Portrait Chris Philp
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As I have explained before, we are in a global cycle of interest rate increases and there has been global dollar strength. We have taken action in the energy intervention and in the growth plan to protect our constituents, get our economy growing and build on our record as the fastest growing G7 economy last year, this year and over the three-year period as a whole.

Alexander Stafford Portrait Alexander Stafford (Rother Valley) (Con)
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The whole world is facing a global inflation crisis, and the US, Germany and other countries are facing a worse situation. That is why I believe that the best way to deal with the situation is to get more people into better-quality jobs. I have already hosted two job fairs in Rother Valley and will have another one Friday week at Wales High School. I am pleased to see that 680 more people are in work this year than last year, and 40 more people are in work than were last month. Does my right hon. Friend agree that the most important thing is to get people into good-quality paying jobs and that the Government always stand by working people?