Sir Desmond Swayne

Sir Desmond Swayne

Conservative — New Forest West

Speaking in the House of Commons on 30 October 2024

Debate

Budget Resolutions

Contribution

Much of it reannounced, and much of it put at risk by the behaviour of the Transport Secretary, but nevertheless an achievement. Of course I welcome any inward investment. What I think is a huge risk is a great borrowing binge for exactly the sort of investment that we saw throughout the 1960s and 1970s, which never delivered. Real investment—investment that improves productivity—is that which is undertaken largely by medium and small firms to invest in their own enterprises, but it is crowded out by the increased costs that are entirely a consequence of the Government’s great borrowing binge. On that basis, this Budget is a disaster.

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