Question to the HM Treasury:
To ask His Majesty's Government what steps they are taking to ensure the UK’s fiscal framework remains sustainable following the International Monetary Fund's warning that public debt may exceed 100 per cent of GDP by 2029.
This government’s priority is delivering a renewed economy, that works for working people after years of instability.
The fiscal framework puts debt on a sustainable path. The framework supports the long-term growth needed to rebuild Britain by repairing the public finances, providing certainty to families and business, and prioritising sustainable public investment.
This is the responsible choice – to live within our means and reduce our levels of borrowing in the years ahead. According to IMF data, we are set to deliver the largest primary deficit reduction in both the G7 and G20 over the next five years.