Tom Tugendhat

I have said I will not give way. It is true that what we are seeing in the UK today is a legacy: of poor decisions on covid that some of us condemned at the time; of promises made in the last year or two; and of debts to those who challenged leadership in the last six to 12 months. We are now seeing, falling on those who are working, a level of burden that is growing and growing, and people are voting with their feet, either by not working or by leaving. I am afraid that what we are seeing here is a false choice. We are seeing a Government making promises that will never be able to be cashed. We are seeing a Government adding to a debt, not of £2 trillion—the one that they state—but of £12 trillion or £13 trillion, depending on how we count pension liabilities, private finance initiatives and many of the state’s other debts. The reality is that this country is broke, and to a degree that nobody in this House seems to appreciate—certainly nobody on the Government Benches. We simply do not have the understanding here, among the noble and well-meaning socialists, that the reality is that they are racking up debts for their children that will mean that this state will be impoverished, we will be left weaker and the whole country will be poorer.