Economic Responsibility and a Plan for Growth — 19 Oct 2022 at 15:47

That this House regrets the long-term damage to the economy as a direct result of the mini budget, where mortgage rates for households have risen and the stability of pension funds has come under threat; notes that despite substantial U-turns in policy since the mini budget, the Government’s funding position has deteriorated, the cost of borrowing is expected to be higher for many years and the UK’s fiscal credibility has been undermined, all while many energy producers continue to make record windfall profits; therefore calls on the Government to take all necessary steps to stabilise the economy and make it work for ordinary working people and business through a plan for growth that puts them at its heart; and further calls on the Government to publish the Office for Budget Responsibility forecasts immediately alongside Government estimates of windfall profits for the next two years from energy producers in the UK.

“calls on the Government to publish the Office for Budget Responsibility forecasts immediately alongside Government estimates of windfall profits for the next two years from energy producers in the UK.”

“Public services are in a fragile state…Patients are waiting half a day in A&E, weeks for GP appointments and a year or more for elective treatments. Few crimes result in charges…Pupils have lost months of learning”.

“In 2016 the British economy was 90% the size of Germany’s. Now it is…70%.”

“Increasingly, the safety net in our nation is a foodbank, where more and more people have to go to get what our economy itself fails to provide.”

“The U.K. is behaving a bit like an emerging market turning itself into a submerging market.”

“Life genuinely doesn’t feel worth living any more. I feel guilty for bringing my children into this awful mess of a world.”

“I have no idea what I’m going to do-

winter, something has to give.”

“organise coordinated action over pay and terms and conditions…with all TUC unions”.

“the scale and speed of repricing…far exceeded historical moves”.

“vested interests dressed up as think tanks”,

“You've done me wrong, your time is up…there's no way back…you’re movin' on out”.

“Behind the decisions we take and the issues on which we vote are jobs that families depend on, mortgages that have to be paid, savings for pensioners, and businesses investing for the future.”-[Official Report, 17 October 2022; Vol. 720, c. 395.]

Debate in Parliament |