Sir Bernard Jenkin

Sir Bernard Jenkin

Conservative — Harwich and North Essex

Speaking in the House of Commons on 9 January 2025

Debate

Public Finances: Borrowing Costs

Contribution

Having listened very carefully to the right hon. Gentleman’s responses, I believe that he is making a more significant statement than many of his colleagues might realise. By underlining that there will not be any tax or borrowing increases, he is, in effect, saying that austerity is back, because there is no way that the public finances can be remedied by another Budget of wishful thinking that pretends that increased borrowing and spending will produce growth. That is once again being proved by a Labour Government to be a false way of leading the economy.

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