Oral QuestionTreasury

What assessment she has made of the potential impact of the Autumn Budget 2024 on levels of debt interest spending.

Tabled: 15 January 2025Answered: 21 January 2025

Asked by

Sir Ashley Fox

ConservativeBridgwater

Answering Minister

the Chancellor of the Exchequer

Answer from Hansard

The Chancellor of the Exchequer (Rachel Reeves)

When we entered office, debt was at highs not seen since the 1960s. My commitment to the fiscal rules is non-negotiable, and we will drive debt down to a sustainable level. There have been movements in global financial markets, and the UK is not immune. The Office for Budget Responsibility will produce a forecast in the usual way, and I will respond with a statement to Parliament on 26 March. I will not be giving a running commentary on that forecast.