Graham Stuart
Main Page: Graham Stuart (Conservative - Beverley and Holderness)Department Debates - View all Graham Stuart's debates with the HM Treasury
(1 day, 10 hours ago)
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Rachel Reeves
To be honest, when the SNP gets involved in infrastructure projects like trying to build a couple of ferries, it all seems to go horribly wrong. That is why, despite the fact that the SNP Government have had a record settlement from us, NHS waiting lists in Scotland continue to increase, while in England and Wales, under Labour Governments, they are falling.
Graham Stuart (Beverley and Holderness) (Con)
Business has been crushed by the taxes brought in by this Chancellor. Just a year ago, in a fairly gloomy forecast by the OBR, it was suggesting 1.8% GDP growth over the forecast period. That has now been reduced to 1.5%. If the central mission of this Chancellor—and supposedly this Government—is economic growth, how can she stand there today and say it is working, when it has been marked by the OBR that she is going in exactly the wrong direction, making all our constituents poorer? Can she please explain that to the House?
Rachel Reeves
That is just completely wrong. What the OBR says today is that people will be £1,000 a year better off by the end of the forecast period and that GDP per capita will increase by 5.6% after having fallen under the previous Government. Yes, productivity growth was revised down at the Budget, because of the policies of the previous Government. It has not been revised today.