Justin Madders
Main Page: Justin Madders (Labour - Ellesmere Port and Bromborough)Department Debates - View all Justin Madders's debates with the HM Treasury
Budget: Press Briefings
Justin Madders Excerpts(1 day, 9 hours ago)
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James Murray
As I said, I am not going to comment on the ongoing Budget process, but what the markets know is that the Chancellor’s commitment to her fiscal rules is iron-clad. They have been met at every fiscal event since this Parliament began, and they will be met next Wednesday.
Justin Madders (Ellesmere Port and Bromborough) (Lab)
The problem that we have is an insatiable 24/7 media who want stories and will sometimes generate their own. All this speculation has created uncertainty that has hampered investment, which I know is not what the Treasury wants. Will the Minister be clear from the Dispatch Box that any further speculation we read about will not have been authorised by anyone in Government?
James Murray
Mr Speaker, as I made clear, every Minister in this Government takes their responsibility to this House very seriously and I am not going to engage in further speculation today, but what we are seeking to achieve in the Budget next week is to ensure that, in meeting her iron-clad fiscal rules that the Chancellor has committed to, we provide extra headroom to give more resilience to the public finances, reduce inflationary pressures and get the cost of borrowing down.