Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Julian Lewis Excerpts
Tuesday 15th November 2022

(1 year, 5 months ago)

Commons Chamber
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Lindsay Hoyle Portrait Mr Speaker
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You might save something for Thursday as well. [Laughter.]

Julian Lewis Portrait Dr Julian Lewis (New Forest East) (Con)
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I was encouraged by the Economic Secretary’s answer to the question from my right hon. Friend the Member for Ludlow (Philip Dunne) about mortgages. I know that the Chancellor believes that the restoration of economic stability is essential for mortgages to come under control in the future, but will he confirm that he will bring in imaginative plans to protect people who took out mortgages in good faith and now find them unaffordable?

Jeremy Hunt Portrait Jeremy Hunt
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I can absolutely give my right hon. Friend that confirmation. Indeed, I intend to meet a group of lenders later this month to discuss that very issue.

--- Later in debate ---
John Glen Portrait John Glen
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I spoke about such matters with Jon Swinney, in my second conversation with him since appointment three weeks ago, last evening. We discussed a range of matters, and I will always try to be as constructive as I can to find ways forward when the whole of the United Kingdom faces the inflationary scourge everywhere.

Julian Lewis Portrait Dr Julian Lewis (New Forest East) (Con)
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Given that we both agree on the need for a substantial increase in defence spending, does the Chancellor accept that any immediate, necessary freeze on it should not prejudice the goal of 3% of GDP in the medium term?

Jeremy Hunt Portrait Jeremy Hunt
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Let me just say to my right hon. Friend that he and I both agree on the vital responsibility of any Government to defend their shores and their peoples, and we are committed to doing what it takes to make sure we do that.