Government Performance against Fiscal Rules Debate
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Harriett Baldwin
Main Page: Harriett Baldwin (Conservative - West Worcestershire)Department Debates - View all Harriett Baldwin's debates with the HM Treasury
Government Performance against Fiscal Rules
Harriett Baldwin Excerpts(1 day, 12 hours ago)
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Darren Jones
I agree with my hon. Friend that we have had four interest rate cuts under this Government which is good for mortgage holders and renters. Wages have increased faster than costs for the first time in many years, and the Chancellor has been able to invest billions of pounds in our country while keeping markets stable. That is the consequence of stability in our economy and in our politics and the fact that we are implementing our fiscal rules in the way we said we would.
Dame Harriett Baldwin (West Worcestershire) (Con)
With all due respect to the Chief Secretary, the Chancellor really should be here to answer this urgent question because the financial markets are extremely concerned about her wellbeing—the financial markets which, by the way, are asking for a 10-year yield now that is considerably higher than after the Liz Truss Budget. It is really important that the bond markets, which are aware of the hole in the Government’s finances, know how the Government are going to act, because otherwise we will see further fleeing of the millionaires and the wealth creators and the businesses whose investment we rely on for growth in this country.
Darren Jones
I am not entirely sure what the question was, but I think the hon. Lady is exhibiting that she has learned some lessons from her party’s performance when she was last in government. Maybe she could share that with her Front-Bench colleagues in due course.