Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Barry Sheerman Excerpts
Tuesday 5th September 2023

(7 months, 3 weeks ago)

Commons Chamber
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Jeremy Hunt Portrait Jeremy Hunt
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I agree with what my hon. Friend says. The Bank of England itself has said there were problems with its inflation forecasting. It is learning the lessons from that and we must support it every step of the way as it brings down inflation.

Barry Sheerman Portrait Mr Barry Sheerman (Huddersfield) (Lab/Co-op)
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Sorry I was late today, Mr Speaker: British Airways cancelled my flight.

When the Chancellor’s predecessor, now the Prime Minister, was Chancellor there was huge fraud in the bounce back loans. Has he got any of that money back yet?

Jeremy Hunt Portrait Jeremy Hunt
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We are always ferociously determined to recover money obtained through fraud, but because of those bounce back loans we have the fastest recovery of any major European country.