Proceeding contribution from Clive Efford (Labour) in the House of Commons on Monday, 17 October 2022. It occurred during Ministerial statement on Economic Update.
Economic Update
The Chancellor is taking plaudits for having calmed the markets, but he has not resolved the problem—he has just stopped it getting worse. Gilts will still cost more so borrowing will still cost more for the Government in perpetuity, which will have an impact on people’s mortgage rates. Does he expect repossessions to go up in future? If so, what action will he take to assist people who find themselves in that situation because of the Prime Minister’s reckless Budget?
Secondary information
- Type
- Proceeding contribution
- Reference
- 720 c423
- Session
- 2022-23
- Chamber / Committee
- House of Commons chamber
- Subjects
- Alcoholic drinks Corporation tax Borrowing Income tax Excise duties Investment income Fiscal policy Financial markets Economic situation Public expenditure Overseas visitors Public finance Public sector debt Taxation VAT Retail trade Tax rates and bands Stamp duty land tax Off-payroll working Health and social care levy Annual investment allowance Energy price guarantee Economic Advisory Council
- Link
- View this Proceeding contribution on hansard.parliament.uk
Librarians' tools
- Timestamp
- 2022-10-20 08:20:35 +0100
- URI
- http://hansard.intranet.data.parliament.uk/Commons/2022-10-17/22101735000004
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2022-10-17/22101735000004
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Commons/2022-10-17/22101735000004