Tom Blenkinsop
Main Page: Tom Blenkinsop (Labour - Middlesbrough South and East Cleveland)Department Debates - View all Tom Blenkinsop's debates with the Leader of the House
(11 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Lansley
I join my hon. Friend on all those points. We are committed to further investment in flood defences and the benefits it will deliver, and I entirely endorse his point on insurance. Negotiations are proceeding, and I hope the insurance industry and the Government arrive at an agreement soon and provide reassurance for people.
Tom Blenkinsop (Middlesbrough South and East Cleveland) (Lab)
May we have a debate on Fitch’s decision to put the UK’s triple A credit rating on negative watch following the Chancellor’s autumn statement yesterday? According to the Office for Budget Responsibility, debt will reach £1.5 trillion in 2018, while growth is estimated to be minus 0.1% for this quarter. May we have a debate on why the Chancellor might have exchanged our triple A for a triple dip?
Mr Lansley
My recollection is that, in response to the Chancellor’s autumn statement yesterday, the bond markets demonstrated that his statement reinforced the credibility of the Government’s approach, but if the hon. Gentleman wants to discuss these issues, time will be available in a debate on the economy next Tuesday.