Government Performance against Fiscal Rules Debate
Full Debate: Read Full DebateDepartment: HM Treasury
Neil O'Brien
Main Page: Neil O'Brien (Conservative - Harborough, Oadby and Wigston)Department Debates - View all Neil O'Brien's debates with the HM Treasury
Government Performance against Fiscal Rules
Neil O'Brien Excerpts(1 day, 12 hours ago)
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Darren Jones
My hon. Friend is right. Whether it is investors, market traders or our constituents, they got sick to the back teeth of chaos under the Conservatives, whether it was the mess of Brexit or the change in Prime Minister and Chancellor every five minutes. Ultimately, that resulted in a Parliament in which people were worse off at the end of the Conservative Administration than they were at the start, and our mortgages and rents were higher as a cost of the loss of control in the public finances. This Labour Government will never let that happen again.
Neil O’Brien (Harborough, Oadby and Wigston) (Con)
A £6 billion hole has been opened up because those on the Labour Front Bench cannot get those on the Labour Back Benches to vote for their own policies. As a result, No. 10 is today conspicuously refusing to rule out a wealth tax. If we tell business people and wealth creators that their money will get taxed if they leave it in this country, we drive even more investors away. Is it not the case that even if this measure is not ultimately put in place, over the next couple of months the speculation about a wealth tax itself will drive investment away from this country?
Darren Jones
The hon. Member knows that the Chancellor will set out any decisions on tax one way or the other in the Budget, which she will do in the autumn.