Sir Geoffrey Clifton-Brown

Sir Geoffrey Clifton-Brown

Conservative — North Cotswolds

Speaking in the House of Commons on 28 October 2024

Debate

Fiscal Rules

Contribution

If we could stick with the here and now, what the Chancellor announced caused the bond markets to move almost immediately by almost 0.5%. That means that interest rates will stay higher for longer. Will the right hon. Gentleman confirm that that will cause hardship to today’s mortgage payers and tomorrow’s generation of taxpayers, because they will have to repay this extra debt?

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