Government Performance against Fiscal Rules Debate

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Department: HM Treasury

Government Performance against Fiscal Rules

Jeevun Sandher Excerpts
Monday 7th July 2025

(1 day, 14 hours ago)

Commons Chamber
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Darren Jones Portrait Darren Jones
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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.

Jeevun Sandher Portrait Dr Jeevun Sandher (Loughborough) (Lab)
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I am amazed that the Conservative party has brought an urgent question on fiscal rules. The Conservatives had seven sets of fiscal rules in 14 years; I mean, guys—and it is all guys—come on. The reason why they kept missing debt and deficit targets is because they kept cutting investment, meaning less growth and less tax revenue. Does the Chief Secretary agree that by investing to grow, we get our debt burden down?

Darren Jones Portrait Darren Jones
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This Government recognise that it was because of cuts, especially to capital investment through the austerity years under the Conservative Government, that we had such poor productivity in our economy. We are still suffering the consequences of that, which is why, as the Chancellor said at the Budget, we are choosing investment over decline.