Thursday 10th July 2025

(1 day, 14 hours ago)

Commons Chamber
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Lucy Powell Portrait Lucy Powell
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I join the right hon. Gentleman in thanking Paul Johnson, who I think we all acknowledge has done a commendable job as the director of the IFS over many years, and I look forward to hearing more from Helen Miller, the incoming director. The right hon. Gentleman is right to recognise the challenging economic times that we are in. He will not like me saying this, but we inherited a big black hole in the public finances. Reserves had been spent in the first half of the year, with public sector pay recommendations sitting on Ministers’ desks but without a penny allocated to them. That has meant a very challenging time for us. It is why we have put a premium on financial stability— not because we want to align with Office for Budget Responsibility spreadsheets, but because we know that those on the lowest incomes pay the heaviest price when the economy runs into problems, which we want to address. The House debates those issues regularly, and I am sure that we will continue to do so. Of course, Budgets are delivered to the House first.

Mary Glindon Portrait Mary Glindon (Newcastle upon Tyne East and Wallsend) (Lab)
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Following yesterday’s “Act Now, Change Forever” mass lobby of Parliament, organised by the Climate Coalition, will the Leader of the House make time to debate the serious nature of developing countries’ debt, which prevents those nations from adequately spending to mitigate a climate crisis they have done the least to cause, and the unique position our Government are in to legislate and bring private creditors to the negotiating table?

Lucy Powell Portrait Lucy Powell
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I thank my hon. Friend for raising the issues of the “Act Now, Change Forever” campaign. She will know that tackling the climate crisis and our mission to be a clean energy superpower by 2030 are at the heart of what this Government are about. The Secretary of State for Energy Security and Net Zero will come to the House soon to make a statement about these issues, and I am sure my hon. Friend can raise those then.