Government Performance against Fiscal Rules Debate

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Department: HM Treasury

Government Performance against Fiscal Rules

Chris Curtis Excerpts
Monday 7th July 2025

(1 day, 14 hours ago)

Commons Chamber
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Chris Curtis Portrait Chris Curtis (Milton Keynes North) (Lab)
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The only way out of the economic doom loop that the previous Government got us into is by growing the British economy again. If the British economy had grown over the past 10 years as quickly as the OECD national average, there would be £40 billion more sitting in the Exchequer without having to touch spending or taxes at all. [Interruption.] The Conservatives talk about the fastest growth in the G7—that is like walking the first 26 miles of a marathon and then bragging about jogging over the finish line. Growth was unacceptably slow under the previous Government, so can the Chief Secretary let us know what he is doing to get the British economy growing again, particularly changing the broken planning system so that we can build more homes and energy infrastructure here in the UK?

Darren Jones Portrait Darren Jones
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My hon. Friend speaks passionately, because his constituents know that they were worse off at the end of 14 years of the Conservatives than when they started. He knows that this Labour Government are committed to making his constituents better off at this end of this Parliament than they were at the start. That is what our investment in the renewal of Britain is about, and it is what this Labour Government will deliver.