Budget Resolutions and Economic Situation Debate

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Department: Department for Education

Rishi Sunak

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Ways and Means

Budget Resolutions and Economic Situation

Rishi Sunak Excerpts

Business without Debate
Thursday 17th March 2016

(8 years, 1 month ago)

Commons Chamber
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John McDonnell Portrait John McDonnell
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I will give way in a moment. I can tell the House what happened to business investment forecasts—they were revised down again in this Parliament. None of this should be a surprise for the Chancellor, but it seems that it is. At the autumn statement, he said that he wanted a plan

“that actually produces better results than were forecast.” ”.—[Official Report, 25 November 2015; Vol. 602, c. 1385.]

John McDonnell Portrait John McDonnell
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I will come back to the hon. Gentleman. The Secretary of State for Work and Pensions said this last week about the autumn statement:

“If you can’t forecast more than two months, how in heaven’s name can you forecast the next four or five years.”

That is what we all want to know.

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