Pat McFadden

Pat McFadden

Labour — Wolverhampton South East

Speaking in the House of Commons on 31 October 2024

Debate

Income tax (charge)

Contribution

The right hon. Member for Godalming and Ash (Jeremy Hunt) has confirmed that this is his last appearance at the Dispatch Box, at least in his current guise, so I begin by thanking him for his service to government and to the country. He and I have something in common: we both inherited an awful mess from our predecessors. He was appointed Chancellor of the Exchequer as the repair man—the adult in the room—and was meant to sort things out after the disaster left by his predecessor. He was supposed to be the antidote to Liz Truss, but in recent days, he has become an ally of Liz Truss, united with her in attacking the OBR. He was brought in to praise the economic institutions, but he has ended up condemning them. However, he cannot hide from the verdict: the OBR has confirmed that the previous Government hid billions of pounds of pressures that they knew about, and the Treasury has given us a full picture of precisely what those pressures added up to.

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