UK Parliament / Open data

Reducing Costs for Businesses

Proceeding contribution from Jonathan Reynolds (Labour) in the House of Commons on Tuesday, 11 January 2022. It occurred during Opposition day on Reducing Costs for Businesses.

I know that I am pushing my luck by intervening, but I am sure that the hon. Gentleman will not mind.

This is interesting, because when we had a global financial crisis, I do not remember Conservative Members highlighting global factors as a cause. On that point, he will know that we had the biggest hit in the pandemic; we fell the furthest. When we say that we have a projected high growth rate next year, it is because we are bouncing back. The long-term growth rate for this country is under 2%, and under the historical norm for each of the years that we have forecast for once we have recovered from the immediate hit of the pandemic. That is the point. That will not succeed in sustaining the living standards of this country, and the hon. Gentleman knows that.

Type
Proceeding contribution
Reference
706 c525 
Session
2021-22
Chamber / Committee
House of Commons chamber
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