Topical question asked in the House of Commons, by Mel Stride (Conservative). It was answered on Tuesday, 23 June 2026 on behalf of the Treasury.

Topical Questions

Question: The right hon. Lady cannot bring herself to answer the simple question I asked. I will tell her: she is borrowing one quarter of a trillion pounds more than the plans that she inherited—that is her legacy. We hear that the right hon. Member for Makerfield (Andy Burnham) is considering borrowing even more. Does she agree that that would be utterly reckless and that the bond markets will not wear it?

Answer: When the Conservatives were in office, in the last Parliament they borrowed more than the G7 average every single year. This year we are borrowing less than the G7 average and have brought down Government borrowing to 4.2% of GDP in the most recent data. We have brought forward our fiscal rules so that they kick in two years earlier, and we are meeting those fiscal rules, to ensure that we have sustainable public finances—a far cry from those that I inherited.

Secondary information