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

I very much agree with my hon. Friend. That is why we published the spending review earlier this year. The review set out plans for day-to-day spending for the next three years and capital spending for the next five. Everything in the review is fully funded and fully costed through the difficult decisions that we had to make in the Budget last year to increase taxes. At the same time, the deficit is expected to fall by 1 percentage point of GDP this year.

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