Rachael Maskell
Main Page: Rachael Maskell (Labour (Co-op) - York Central)Department Debates - View all Rachael Maskell's debates with the HM Treasury
Friday 23rd September 2022
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(1 year, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Kwasi Kwarteng
My hon. Friend is absolutely right. Because of careful stewardship of the public finances, we can withstand the exogenous shocks represented by covid-19 and Russia’s invasion of Ukraine. We have the second-lowest net debt to GDP in the G7 and we will use our fiscal position to help the most vulnerable in society.
Rachael Maskell (York Central) (Lab/Co-op)
Since the Chancellor came to his feet, the value of UK Government bonds has plummeted, which will put the national debt into a serious crisis for generations to come. How will he mitigate that loss?