Oral Answers to Questions

Debate between Rachel Reeves and Jack Abbott

Tuesday 20th May 2025 Commons Chamber

[Rachel Reeves]

As the hon. Lady knows, when I became Chancellor last year, we inherited a £22 billion black hole in the public finances—not in some year in the future, but in the financial year that we were already three or four months into. This meant that we had to make difficult and urgent decisions to put our public finances back on a firm footing—because, unlike the Conservatives, I will never play fast and loose with the public finances.

[Jack Abbott (Ipswich) (Lab/Co-op)]

T6. Labour-led Ipswich borough council recently announced investment to reopen the iconic Grimwades building in our town centre, which has been left vacant for more than a decade. This local ambition matches the Government’s national initiatives, but challenges remain, so what steps are the Government taking to go even further and reform the unfair business rates system for good?