Sir Mel Stride

Sir Mel Stride

Conservative — Central Devon

Speaking in the House of Commons on 18 May 2026

Debate

Backing Business to Create Economic Growth

Contribution

All these flashbacks to the 1980s are a slightly desperate attempt to get away from the 2020s, I think. The other thing that socialists love to do is borrow, borrow, borrow, and spend, spend, spend until they have run out of other people’s money. That is precisely what this Government have done. The Secretary of State mentioned the fiscal rules, but of course he failed to mention that in the run-up to the election, the Chancellor said that she would abide by our fiscal rules, and then promptly changed them, so that she could borrow more, flipping the definition of “debt” from public sector net debt to public sector financial liabilities. That allowed her to take her foot off the brake and borrow and spend even more.

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