Spring Forecast Debate

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Department: HM Treasury

Spring Forecast

Nusrat Ghani Excerpts
Tuesday 3rd March 2026

(1 day, 10 hours ago)

Commons Chamber
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None Portrait Several hon. Members rose—
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Nusrat Ghani Portrait Madam Deputy Speaker (Ms Nusrat Ghani)
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Order. To support me in getting more Members in, can questions please be short?

Rachel Reeves Portrait Rachel Reeves
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I know that my hon. Friend’s Portsmouth constituency will benefit from Pride in Place funding to invest in those places that were forgotten by the previous Government. It will also benefit directly from the uplift in defence spending, which will ensure not only our country’s security, but good jobs that pay decent wages in Portsmouth. Our reforms to the Green Book mean that coastal communities will get their fair share, and will get an opportunity to bid for funding to help grow their economy through the £120 billion that we are putting in for capital investment.

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Rachel Reeves Portrait Rachel Reeves
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My hon. Friend is right about the shadow Chancellor’s blood pressure—but, frankly, I am worried about his future employment prospects.

NHS waiting lists are falling because of the money that we have put in, but my hon. Friend makes a point about overall investment in the economy. After lagging behind pretty much every other advanced country in the world, since the general election we have had the fastest investment growth in the G7.

Nusrat Ghani Portrait Madam Deputy Speaker
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For the final question—the one we have been waiting for—I call Chris Vince.

Chris Vince Portrait Chris Vince (Harlow) (Lab/Co-op)
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I thank the Chancellor for her statement about two hours ago. Fortunately, my Shakespeare quote for the day is “brevity is the soul of wit”, so I will be very quick. We know that the national debt soared under the last Government, and that £1 in every £10 is spent on servicing that debt. What difference can we make to public services in Harlow if we can spend less on debt repayment and more on those services?