Government Performance against Fiscal Rules Debate
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Lola McEvoy
Main Page: Lola McEvoy (Labour - Darlington)Department Debates - View all Lola McEvoy's debates with the HM Treasury
Government Performance against Fiscal Rules
Lola McEvoy Excerpts(1 day, 13 hours ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
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Darren Jones
The Government are committed to the independence of the OBR. We will keep setting out future fiscal plans at one fiscal event a year.
Lola McEvoy (Darlington) (Lab)
Does the Chief Secretary agree that without the fiscal rules we would not have seen four interest rate cuts, which have benefited thousands of constituents across the country?
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.