Economic Update Debate

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Department: HM Treasury
Monday 17th October 2022

(1 year, 6 months ago)

Commons Chamber
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Jeremy Hunt Portrait Jeremy Hunt
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One of the first lessons I was told as Chancellor is never to speculate on why markets do what they do and I am not going to break that today.

Carol Monaghan Portrait Carol Monaghan (Glasgow North West) (SNP)
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The Chancellor has repeatedly refused to answer questions about uprating of benefits, but with the Resolution Foundation briefing last week that it expects 2 million more people to be pushed into absolute poverty, can he guarantee to the House that any attempt to balance the books, to steady the ship, or whatever other expression we are going to use, is not going to be made at the expense of those already struggling?

Jeremy Hunt Portrait Jeremy Hunt
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As I have said—I am happy to repeat it—all these decisions will be taken through the prism of the impact on the most vulnerable people in society.