Rachel Reeves

Rachel Reeves

Labour — Leeds West and Pudsey

Speaking in the House of Commons on 9 September 2025

Debate

Government Debt Interest Payments

Contribution

The spread on our gilts over the central bank rate is lower in the UK than it is in Greece, so maybe the right hon. Gentleman should look again at his evidence. The truth is that we have had five cuts in interest rates since this Government came to office. We are paying high levels of interest on the debt, but the debt was accrued by the Conservative party, which destroyed our economy and public services all at once. We are fixing the mess that the Conservatives left.

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