Dame Meg Hillier

Dame Meg Hillier

Labour (Co-op) — Hackney South and Shoreditch

Speaking in the House of Commons on 28 October 2024

Debate

Fiscal Rules

Contribution

As Chair of the Treasury Committee, which has responsibility for scrutinising the Budget, I find the timing of this statement a bit frustrating, as we will have questions that presumably cannot be answered until Wednesday. Will the Chief Secretary explain how the guardrails will work? There is the national infrastructure and service transformation authority, the office for value for money and the National Audit Office. What role will each play in reassuring the markets, so that an autumn “sniffle”—that is PSNFL, or public sector net financial liabilities—does not become a winter cold?

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