Economic Update
Debate between Martyn Day and Jeremy Hunt(1 year, 6 months ago)
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Jeremy Hunt
It is because I want to be able to invest in public services like the ones the hon. Member talks about that I think it is so important to take tough economic decisions at times like this. All I would say is that, while she and I have a different viewpoint on many issues, her party has supported the decisions I have taken today, and I think that was the right thing.
Martyn Day (Linlithgow and East Falkirk) (SNP)
After the Chancellor’s televised statement earlier, gilt prices rose and the yield on them fell, thereby reducing their effective interest rate. Does he recognise that the markets have effectively factored in the removal from office of the Prime Minister and what does he think will happen if that does not happen?
Jeremy Hunt
One of the first lessons I was told as Chancellor is never to speculate on why markets do what they do and I am not going to break that today.