Nick Timothy

Nick Timothy

Conservative — West Suffolk

Speaking in the House of Commons on 7 July 2025

Debate

Government Performance against Fiscal Rules

Contribution

I find it highly alarming that the Chief Secretary to the Treasury does not seem to realise that the cost of Government borrowing is higher now than at any time since the last Labour Government. All of this comes back to decisions about spending, so why, when Labour’s manifesto said that it would limit spending increases to £9.5 billion a year, did it increase spending by eight times as much—£76 billion a year—three months later in its Budget?

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