Government Performance against Fiscal Rules Debate

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Department: HM Treasury

Government Performance against Fiscal Rules

Deirdre Costigan Excerpts
Monday 7th July 2025

(1 day, 18 hours ago)

Commons Chamber
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Darren Jones Portrait Darren Jones
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I know that the hon. Member and colleagues in Birmingham are in correspondence and communication with relevant Ministers in the Ministry of Housing, Communities and Local Government. I point him to the fact that this Government have increased the local government grant by up to £2 billion by the end of this period—by 2028-29—and that we have given local government long-term certainty with multi-year budgets for the first time in many years, to allow them to plan for the future.

Deirdre Costigan Portrait Deirdre Costigan (Ealing Southall) (Lab)
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I have raised in this House on a number of occasions the many children in my constituency of Ealing Southall sleeping on the floor or on the sofa in mouldy temporary homes, due to 14 years of inaction and financial mismanagement by the Conservatives. Does the Chief Secretary to the Treasury agree that it is only because of the fiscal and budgetary decisions that this Labour Government have made that we have been able to invest a record almost £11 billion in building new affordable and social homes for homeless London families, like those in Ealing Southall?

Darren Jones Portrait Darren Jones
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I thank my hon. Friend for pointing out the legacy of the past 14 years, where so many of our constituents are waiting for secure, affordable housing. That is why the Chancellor’s decision not only to update the definition of debt, but to allow for the creation of a new national housing bank means that we can direct billions of pounds into building affordable and social housing again. Those record levels of investment will make a real difference to the lives of families across the whole country.