Government Performance against Fiscal Rules Debate

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Department: HM Treasury

Government Performance against Fiscal Rules

Julia Lopez Excerpts
Monday 7th July 2025

(1 day, 17 hours ago)

Commons Chamber
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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.

Julia Lopez Portrait Julia Lopez (Hornchurch and Upminster) (Con)
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The Chief Secretary to the Treasury seems to have only one line to survive this urgent question on behalf of the Chancellor, and that is to make reference to the former Prime Minister. Can he answer a simple question, to which we have already heard the answer today? Are Government borrowing costs higher now under him, or under the former Prime Minister in September 2022?

Darren Jones Portrait Darren Jones
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I refer the hon. Lady to my previous answer.