Graham Leadbitter

Graham Leadbitter

Scottish National Party — Moray West, Nairn and Strathspey

Speaking in the House of Commons on 9 January 2025

Debate

Public Finances: Borrowing Costs

Contribution

There is no point beating around the bush: the Chancellor has just lost over £9.9 billion of headroom, and stands on the cusp of breaking her own fiscal rules. She said last year that she would not come back for more tax rises. Will the Chief Secretary be honest and admit, just as the former Bank of England rate setter Martin Weale said today, that this leaves only the option of more austerity? Will he level with people about when and where the next round of cuts will fall?

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