Dame Chi Onwurah

Dame Chi Onwurah

Labour — Newcastle upon Tyne Central and West

Speaking in the House of Commons on 9 January 2025

Debate

Public Finances: Borrowing Costs

Contribution

We thought we knew the dire economic situation when the general election was called, but on entering government, we found the real consequences of the previous Tory Government’s addiction to unfunded spending announcements. The people of Newcastle upon Tyne Central and West are paying the consequences for the Truss-Kwarteng economic crash. With the imminent entry into the White House of a President also committed to significant unfunded tax cuts, the economic stability of the UK becomes even more important. Will my right hon. Friend confirm that this Government are absolutely committed to fiscal responsibility and rising living standards, and that the plan for growth will deliver both?

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