Sir Alan Campbell

Sir Alan Campbell

Labour — Tynemouth

Speaking in the House of Commons on 3 September 2026

Debate

Business of the House

Contribution

The right hon. Gentleman will have to wait for the Budget for some of the reassurances that he seeks, but I would gently point out to him—and he should know this, given the jobs he did in government—that there are international pressures, such as concerns about inflation, and competition around the world for money to invest in things like artificial intelligence. The difference between this Government and others in comparable situations is that the rates he talks about are the direct result of the Liz Truss Budget. Businesses and households are still living with that, and with higher mortgage rates than are necessary.

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