Rachel Reeves

Rachel Reeves

Labour — Leeds West and Pudsey

Speaking in the House of Commons on 3 March 2026

Debate

Spring Forecast

Contribution

By controlling public spending, we can get the cost of borrowing down, as we saw in the most recent public finance numbers. They showed the biggest ever January surplus—in fact, the biggest ever surplus—on the Government national accounts, meaning that we have more money to spend on people’s priorities because we are controlling spending and bringing in the tax revenue that is needed. That is the first time that has happened, and it is because of the choices that we have made as a Government.

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