My right hon. Friend refers to the bail-out of the banks over a decade ago, which cost our economy in the region of £860 billion. It proved 10 long years before we could get over its effects, during which the British people worked incredibly hard and everybody came together, putting us in a position now where we are dealing with the next crisis. Will we be left with a burden of debt? Undoubtedly. Is it the right thing to do? Given the context, it probably is.
Last week’s Budget was excellent for families, not just in my constituency, but across the country. As set out by the Chancellor of fiscal bazooka fame, it will level up the economy, raise our regions, increase investment and encourage growth across the country. On transport, I particularly welcome not the big flashy transport projects, but the smaller, almost overlooked projects that engage our transport networks on a more local level.