← LEADERSHIP TERMINAL

UK PARLIAMENT · SITTING

Sir Geoffrey Clifton-Brown

MP for North Cotswolds · Conservative · United Kingdom

IN THEIR OWN WORDS

“I do not know how the Government will meet their efficiency targets unless they start to introduce proper AI and get rid of some of our legacy equipment, which, as the Defence Secretary knows only too well, is more vulnerable to cyber-attacks. I turn to local government reform.”

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“Those delays in procurement particularly affect some of our smaller defence companies, because they do not have the cash flow. I mentioned artificial intelligence in an intervention yesterday.”

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“It was then transferred to the Department for Science, Innovation and Technology, but DSIT was abolished. Now it is in the Department for Digital, Culture, Media and Sport—the Department which historically has been used to dealing with sport and culture, not the important matter of AI.”

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“We have had five hearings on the Public Accounts Committee into the dreadful mess that Capita has left that scheme in—five hearings where every single deadline has been missed. That is not good enough for the poor 1.7 million members of that scheme. The Government have done a good thing.”

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“Thank you, Madam Deputy Speaker, for allowing me to catch your eye in this important Budget debate. I listened to the Defence Secretary, and thought he absolutely embedded his comedic skills. Some of what he was saying would have been better said on “Have I Got News for You” than in this Chamber.”

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“Surely if the Labour party and the Government keep boasting that they will go to 3%, the least they owe the British people is a path to get there—and it is not only the 3%, but the 3.5% in the following Parliament, which is a great deal of money. Importantly, as General Sir Richard Barrons said recently, we do not own the clock.”

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The complete record

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  1. “May I warmly welcome the Minister’s statement and his announcement that Gloucestershire will be one unitary authority? That will produce better administration and better value for money. However, will he explain to my constituents why we are having an election next May on the existing councils, which will gradually lose power as we move toward the following election the next year? Why can we not simply have an election next May on the shadow unitary authority?”

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  2. “There is a slight irony in what the hon. Gentleman has just said. He wants to cut VAT on pubs, yet he wants to get closer to the European Union, which would not allow us to cut VAT in our own country. Is there not a slight contradiction there?”

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  3. “Everything from our fuel costs to our energy and mortgage costs are affected by inflation, so the one thing we ought to be doing is trying to get the rate of inflation down. One of the saddest things about inflation is that my constituents, many of whom live off the gas grid, have to pay for heating oil, which has gone up by 75% in the last year. Imagine that for someone on benefits. In this Budget, they are getting very little help with meeting those costs.”

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  4. “That does not even cover the amount of income tax we raise in this country in total, which is £330 billion. In other words, income tax does not pay all our DWP bills. The second highest-spending Department has a budget of £226 billion. I welcome the Chancellor saying that he will meet his fiscal rules by the end of this Parliament, but that involves the national debt falling by the end of the Parliament. If I were a betting man, I would doubt very much that he will meet that rule. One of the saddest things about our economy is that inflation is going up. Before Labour Members start to scoff at that, it is one of the most important measures of the lot, because it affects everything; it affects all our cost of living.”

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  5. “Thank you, Madam Deputy Speaker, for allowing me to catch your eye in this important Budget debate. I listened to the Defence Secretary, and thought he absolutely embedded his comedic skills. Some of what he was saying would have been better said on “Have I Got News for You” than in this Chamber. This Budget was a tragic lost opportunity to fix the fundamentals of the economy. Our debt is at a record level. The tragedy is that we are paying a higher interest rate than Greece on that debt—5.31%. That will add additional interest of £14 billion, just on that debt. If the amount that we are paying to service that debt were a Department, it would be the third largest. The budget for the Department for Work and Pensions is around £344 billion.”

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  6. “Those pension scheme members will not have to keep worrying about whether they will get their full lump sum. In conclusion, this is sadly a wasted opportunity, and we look forward to future Budgets actually giving us a path to a better economic future. One of the economic forecasts we had in the Budget yesterday was growth of 1.2%, which all the Government and the Chancellor are crowing about, but historically 1.2% is not enough to keep spending at the rate the Government are. We need more measures to help business and a proper taxation policy, and then this country will start to grow.”

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  7. “We have had five hearings on the Public Accounts Committee into the dreadful mess that Capita has left that scheme in—five hearings where every single deadline has been missed. That is not good enough for the poor 1.7 million members of that scheme. The Government have done a good thing. Last week, I wrote to the Pensions Minister about a problem: if Capita did not pay out a lump sum within two years, scheme members would be taxed on that sum at the highest rate. The Minister met me fairly quickly, I raised it on the Floor of the House on Monday and—bingo!—I got a letter yesterday saying that the law was going to be changed in the Budget. I pay tribute to the Government and the Pensions Minister for that quick action. That was the just thing to do.”

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  8. “I do not know how the Government will meet their efficiency targets unless they start to introduce proper AI and get rid of some of our legacy equipment, which, as the Defence Secretary knows only too well, is more vulnerable to cyber-attacks. I turn to local government reform. I was pleased by the announcement this morning that Gloucestershire will be one unitary authority—that is good news—but our local authority will only get any increase in finances if we can come up with devolution. There was no link to how Gloucestershire will move from local government reorganisation into a strategy authority, and we need to have that. Otherwise, we will not be able to take advantage of some of those financial benefits. On the civil service pension scheme, there is a good news story for which I praise the Government.”

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  9. “It was then transferred to the Department for Science, Innovation and Technology, but DSIT was abolished. Now it is in the Department for Digital, Culture, Media and Sport—the Department which historically has been used to dealing with sport and culture, not the important matter of AI. Without this priority, it is difficult to see how the Government will make this digital policy work. When my right hon. Friend the Member for Godalming and Ash (Sir Jeremy Hunt), as I said in an intervention yesterday, gave in his Budget a significant sum of £3 billion to the Department of Health and Social Care—the Defence Secretary’s former Department—to transform their digital equipment, that was the start of what we should have been doing for every single Department.”

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  10. “Those delays in procurement particularly affect some of our smaller defence companies, because they do not have the cash flow. I mentioned artificial intelligence in an intervention yesterday. One of the most important things the Chancellor could have done for this country yesterday was provide a proper path to how every single Department will operate digital and AI more effectively, so that he could increase productivity. The machinery of government changes that the Government have undertaken in the last year do not give the Public Accounts Committee, which I chair, any confidence that the Government have a real policy on digital and AI, and how they will produce mechanisms for using this technology properly. A year ago, digital policy was in the Cabinet Office.”

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  11. “Surely if the Labour party and the Government keep boasting that they will go to 3%, the least they owe the British people is a path to get there—and it is not only the 3%, but the 3.5% in the following Parliament, which is a great deal of money. Importantly, as General Sir Richard Barrons said recently, we do not own the clock. In other words, we do not know when our adversaries are likely to launch some form of attack on us, and we know that the Ministry of Defence is not able to place the orders it needs. To take the bigger equipment, when will the F-35s come? The Defence Secretary shakes his head. They are still in the queue; they cannot be manufactured for us because we have not given a solid commitment on when we want them.”

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  12. “The rates relief offered by the Chancellor in this Budget may help by a minuscule amount, but that is unfortunately offset by the increase in the minimum wage, and the VAT costs that those businesses face. I want to turn to the kernel of what the Defence Secretary was saying, and to defence. It was solemnly promised by this Prime Minister and the previous Prime Minister that we would not only quickly get to spending 2.7% of GDP on defence, but would have a path to 3%. There is no path to 3%. The only path I can see is that departmental budgets will be cut, and it has not yet been tied down what services will be cut to pay for that 2.3% real cut in Departments. There was no clarity on this in the Budget yesterday.”

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  13. “My hon. Friend has made his point well. Let us hope that is read into the record. Currently, 13% of 16 to 24-year-olds are not in employment, education or training. We should be focusing relentlessly on creating opportunities for young people and supporting businesses that employ them. Sadly, this Budget does not do that. When sickness benefits pay more than the minimum wage, what is the incentive to work? Sectors such as tourism and hospitality that provide opportunities in every part of the country and in every constituency, but especially in rural areas, face significant economic pressure, and nationally, at least one pub is closing a week.”

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  14. “The trend started by my right hon. Friend the Member for Godalming and Ash (Sir Jeremy Hunt) when he was Chancellor of providing £3.5 billion to spend on AI and digital in order to make all Departments, but particularly the national health service, more efficient, was sadly lacking from this Budget. As Chair of the Treasury Committee, could she suggest how Government spending on digital and AI might improve Government productivity?”

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  15. “Indeed, The Guardian has published an article saying that 1,600 members have been waiting for over 100 days, so it is likely that many of these people will get up to the two-year deadline. Can she guarantee to the House today that she will either enforce Capita paying compensation for any lost money, or change the law so that none of the people in that very vulnerable position, waiting for their payment, will be worrying about whether they will pay tax?”

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  16. “I thank the Minister for her statement, but the situation is worse than she has outlined. We have had four PAC inquiries into Capita’s administration scheme this year, and it has missed virtually every single one of the deadlines that it set out in each of those hearings. The latest revelation I have discovered is that if Capita does not pay out the lump-sum payment due to bereaved relatives within two years, those relatives will have to pay tax at the highest rate. I wrote to the Minister about that issue; she very kindly replied and had a meeting with me, and she told me that there were not likely to be more than 10 such cases. I find that improbable, given that the scheme has 1.7 million members.”

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  17. “If we had to have change, I thank the Secretary of State for listening to the vast majority of people Gloucestershire and coming up with the best proposal that was on the table. However, my real worry about all this—we have done a lot of work on the Public Accounts Committee on it—is what happens if small councils that have financial problems are merged into one big council. A number of small financial problems makes one very big financial problem. He really has to consider that when thinking about how we go forward with local government in the future.”

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  18. “Michael has the skills and the leadership needed to ensure the NAO remains a high-performing, innovative and digitally-enabled organisation, supporting Parliament’s detailed scrutiny of public spending and helping to secure value for money for taxpayers. For these reasons, I am delighted to support this appointment. Question put and agreed to. Resolved, That an Humble Address be presented to His Majesty, praying that His Majesty will appoint Michael Jary CBE to the Office of Chair of the National Audit Office from 10 January 2027.”

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  19. “I thank the Prime Minister very much for making this appointment. As Chair of the Public Accounts Committee and the appointments panel, I warmly welcome the motion to appoint Michael Jary CBE as the next chair of the National Audit Office. Michael Jary brings extensive experience in Government, leadership and organisational transformation, together with independence and judgment, to this important role. May I take this opportunity to pay tribute to the current chair, Dame Fiona Reynolds, for her distinguished service? The Public Accounts Committee has long benefited from the NAO’s outstanding support and we are grateful for her stewardship.”

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  20. “It would appear that this defence investment plan is unaffordable, but the Public Accounts Committee will be examining that. Deep in the plan is an old accountant’s trick: a vast efficiency savings figure of £10.7 billion. Does the plan rely on that figure? If not, what is the incentive to make efficiency savings over the course of the plan?”

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  21. “In part that is because our prisons are so overcrowded that prisoners are not being given meaningful activity, for example work training, so that when they are released they have developed skills that could help them to find work and reduce the reoffending rate.”

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  22. “Vacancy rates in the probation service have risen from 14% in 2021 to 21% in 2025. Staff are routinely working beyond capacity, estimated at 118%, although the figure is likely to be higher, particularly in London. That workload will be increased further with the Government’s early release scheme. We heard deeply concerning evidence describing a culture of emotional strain and trauma among probation staff. This is not just a workforce issue, but a public safety issue, because when probation fails, reoffending rises, placing additional burdens on the police, courts and prisons. The cost to this country of reoffending alone stands at a staggering £20.9 million, but the human cost to victims and communities is immeasurable.”

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  23. “The AOA does not set out the cause for those delays or for the additional costs incurred. At the same time, retention of prison officers remains a serious challenge, affecting safety and stability across the prison estate. To give just one example of what is going on in the prison system, at our hearing on HMP Dartmoor the issue of radon was raised. The Ministry of Justice has signed a lease that cannot be broken until 2033, yet no sooner had that lease been signed, the prison was deemed unsafe because of radon. It is costing £4 million a year for an empty prison. HMP Dartmoor is an example of a Department making a decision under pressure and at speed, leading to a complete waste of public money. In March 2025, approximately 242,000 individuals were under probation supervision.”

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  24. “The increased flow of untried defendants and extended waiting times due to court backlogs is leading to that unacceptable increase in the prison population. If dealt with more efficiently, it would help with overcrowding in our prisons, but without sufficient capacity or staffing, the trend is unsustainable. The prison population reached a record high of 98% capacity, or 88,000, in August 2024—the highest ever. Overcrowding is driving violence, placing staff at risk, and undermining rehabilitation efforts. As we know, the Government have committed to creating 20,000 new prison places, yet progress has been slow, with repeated delays and underspending. In a recent accounting officer assessment, there were significant delays in awarding new contracts at both HMP Forest Bank and HMP Rye Hill.”

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  25. “Delays of that scale are unacceptable for victims, defendants and public confidence in the system. These delays have the direct impact on the prison population, with more people being held on remand due to the backlog, as well as increased time for preliminary hearings and the granting of bail. We are also seeing an increase in the number of people received into prison, driven by tougher sentencing and a rising remand population. Currently, between 16,600 and 18,000 people are held on remand in UK prisons, meaning they have been denied bail or are awaiting trial. Many of those people have been on remand for over six months, which is the target for maximum remand. That accounts for nearly 20% of the prison population.”

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  26. “Through the Courts and Tribunals Bill, the Government propose to increase magistrates’ sentencing powers to up to 36 months. However, we have a huge problem with the recruitment of magistrates, meaning that the system is likely to be overwhelmed if more cases are diverted to them. It cannot be right that we have empty courtrooms and burgeoning waiting lists. The Government’s changes to legal aid have also led to inefficiency, with more people now representing themselves; I do not blame them at all, but it means that each case takes longer because people often need the court procedure explained to them. Crown court sitting days have not kept pace with demand, despite offers from the Lady Chief Justice to increase capacity, which have not been taken up fully by the Government. Around 11% of courts are inactive on any given day.”

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  27. “Around 4 million new cases are now entering our courts and tribunals each year in England and Wales, and the average time to resolve a case has risen dramatically, from 481 days to 685. The backlog in the criminal courts remains exceptionally high, with an unprecedented 88,200 Crown court cases open as of December 2025—it might have come down a little since then. The median time from an offence being committed to the case being completed is 355 days, with some rape and other serious sexual offences—the so-called RASSO cases—taking three years or more, and some being postponed up to six times. Many victims simply give up before their cases come to court in order to try to put the trauma they have suffered behind them. Is the system any better in the magistrates courts, where there is a backlog in excess of 310,000 cases?”

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  28. “Police officers are on the frontline, and too often they face criticism without proper recognition for the vital work they do to keep our communities up and down the country safe. Although their funding has increased, with a £535.8 million uplift in 2026-27, forces are dealing with the growing complexity of crime, sustained financial pressure and persistent productivity challenges. In Gloucestershire, the Government are not delivering sufficient funding through the police grant to invest in any new digital IT, which would enable the police to be more efficient, and such pressures inevitably feed into the courts, which are already under severe strain. The rising population in this country is bound to mean that more people will be going through our court system.”

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  29. “Half its running costs are spent on staff, and it has experienced rising demand, inflationary pressures, and higher than expected costs. It has responded by transferring £695 million from underspent capital budgets into day-to-day expenditure, largely due to delays in the prison expansion programme. At the same time, it has committed to delivering at least 5% in savings, reducing administrative costs by 15% by 2029-30, and introducing AI to drive efficiencies. Those are all good things, but they do put pressure on the current budget. These ambitious targets must not come at the expense of frontline services, and they must come with the data to back up the ambition. Let me turn to some of the issues in more detail.”

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  30. “The House of Commons Library has confirmed that the Ministry of Justice 2026-27 main estimate for resource departmental expenditure limit—running expenditure—is £12.69 billion, and capital departmental expenditure limit is confirmed at £2.36 billion. That represents a 4.4% and 2.6% increase compared with last year respectively. By contrast, the Home Office main estimate for RDEL for 2026-27 was £19.5% billion, representing a 10.8% increase on last year. The Prime Minister has said that governing this country is about choices, so the question is: are these the right choices? Although the Government have committed to increasing the Ministry of Justice budget by more than 2% per year, the Department faces mounting pressures, as the Minister will know.”

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  31. “It is clear that the criminal justice system has considerable weaknesses. A central issue is the lack of usable integrated data. The police, courts and prisons operate on separate systems that do not effectively communicate with one another. This fragmentation makes it difficult for the system to function efficiently as a whole and increases the risk of serious administrative errors. That is reflected in the number of erroneous prisoner releases. In the last 12 months to March 2025, 262 prisoners were mistakenly released—an increase of 128% compared with the previous years. Let me turn first to the estimates themselves—after all, that is what the debate is about. It is striking that even identifying a clear, unified figure for the system is difficult because of the fragmented way in which the funding is structured and assessed.”

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  32. “When I refer to one justice system, I mean the police, the courts, prison officers and the Probation Service working together as a single interdependent system. When one part underperforms, it creates a domino effect across the entire system. Since the beginning of this parliamentary term, the Public Accounts Committee has published a number of critical reports on the criminal justice system, covering Crown courts, police productivity, probation efficiency, violence against women and girls, MOJ reports and prison estate capacity. These are not separate issues; they are interconnected pressures within one system, and they must be analysed, funded and reformed accordingly, not in isolation. I suggest that the PAC is a very useful Committee for considering these types of cross-cutting issues.”

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  33. “I thank the Backbench Business Committee, Mr Speaker, and yourself, Madam Deputy Speaker, for granting the debate, and the Minister for being here—I hope she will find it useful. We often speak in this Chamber about defence spending, and rightly so. Defence keeps our nation safe, but justice is what keeps the public safe, ensuring that victims receive justice and that offenders are removed from our streets. According to the National Audit Office, the Ministry of Justice’s total expenditure for 2024-25 was £15.5 billion, with an income of £1.9 billion, resulting in a net cost to the taxpayer of £13.6 billion. To put that into perspective, it is the equivalent of just two weeks of welfare spending.”

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  34. “The Home Office and the Ministry of Justice need to work much more closely together to resolve some of the serious problems that I have outlined. Investment, reform and accountability must reflect that reality. Fixing one part in isolation will not solve the wider problem. As I have said, democracy is founded on an effective and properly functioning criminal justice system to keep its citizens safe. Serious criminals need to be removed from society by imprisonment, but the system must help itself by taking strenuous steps to reduce reoffending, which I repeat costs this country £20.9 billion a year. It is a well-thumbed maxim that, whatever the cause, justice delayed is justice denied.”

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  35. “The hon. Member makes an interesting point, and the Government must consider in the round how they can give people useful training, work and leisure in prison, so that they come out with some skills. Where people go, how they are housed and what employment offers they get are issues that the Government need to consider seriously—it is a really big problem. The number of recalls to prison is now at an all-time high, demonstrating a system under severe stress. Planned reforms, including early-release schemes, risk placing even greater pressure on an already overstretched probation service. Well-run probation is not optional; it is essential. It is what enables people to reintegrate into society and prevents the cycle of crime from continuing. In conclusion, the criminal justice system must be treated as one system.”

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  36. “As my hon. Friend and the House will know, the reoffending rate is around 50%. Given the numbers he has just announced, it is inevitable that serious crimes will be committed. If the Government are committed to this policy, which I hope they are not, and want to release people early, which I do not agree with, they should not release these serious criminals. They should instead release the less serious criminals.”

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  37. “The Minister is absolutely right: it is necessary to have confidence in our criminal justice system. Will she therefore answer the question from my hon. Friend the Member for Bexhill and Battle (Dr Mullan)? Will the Government be letting out rapists and other serious offenders under the early release scheme, and if so, how many?”

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  38. “Tagging has a part to play, but as she and I know, and the rest of the House knows, if a prisoner is going to commit a crime, they will commit that crime whether they have a tag on or not—they will probably take it off before they commit the crime, but I do not wish to go too far down that line. I ask the Minister to please reconsider this issue. We all want the criminal justice system to work and for people to have faith in it, but my worry is that if one person who is released early commits a heinous crime, that will destabilise society in a huge way. Otherwise, this has been a constructive debate, and I thank the Government and the Minister for her time. Question deferred until tomorrow at Seven o’clock (Standing Order No. 54).”

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  39. “The Minister has made very clear that government is about choices. I think this is the wrong choice, but if she and the Government are determined to do this, let us be honest about it. She did not answer my question about numbers, but perhaps if I table a parliamentary question she will—I will do that to see whether she does answer it. I think this is the wrong choice, and I urge her again to rethink it. I also echo comments made by my colleagues. The reoffending rate is far too high at around 50%, and we must find a way of giving prisoners meaningful education, training and skills, so that when they come out of prison they will, we hope, not reoffend. Finally, the Minister makes great play of measures that will be taken with serious offenders when they come out of prison—tagging and so on.”

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  40. “This has been a constructive debate, and everybody has aired the themes that I raised throughout the debate. The Minister has outlined one or two areas where things are going a little better, namely perhaps a reduction in some of the Crown court backlogs, but that is countervailed by increases in the backlog in magistrates courts. I echo the remarks of my hon. Friend the Member for Bexhill and Battle (Dr Mullan) —as I am sure the Minister would—because we should pay grateful thanks to those police officers, probation officers and court officers who often have to work in incredibly difficult conditions, delivering some of the most difficult tasks in society. We should thank them. The most worrying thing I heard tonight concerns the early release scheme, and the number of potentially very serious criminals who will be released.”

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  41. “I think I am right in saying that the document, which is 70 pages long, mentions profitability just twice. Without profitability, which involves a hard-hearted look at agricultural economics—outputs less inputs—it will be much more difficult to achieve a number of the aspirations in this large document. Will the Secretary of State assure me that when she considers any changes to farming, she will at least consider profitability? By the way, I hope that she survives the reshuffle when it comes.”

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  42. “The House will be aware that we spend £333 billion a year on the Department for Work and Pensions. We spend less than a fifth of that on defence, at £62 billion. In his speech this morning, the Prime Minister talked about government being “a choice”. Is this the right choice?”

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  43. “The Minister will be aware that on Sunday we published a report—I have it here—that is highly critical of the delay in the defence investment plan. The most important duty of a Government is to defend the nation, as is stated in article 3 of the NATO treaty. Our constituents want to know whether they are going to be properly defended, the armed forces need to know whether they are going to be properly defended and, above all, our allies need to know when they are going to be properly defended. Why has the Minister been dragged to this House unable to tell us when the DIP will be published? When will it be published?”

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  44. “Until we have that plan, we cannot see how the Government propose to procure all the military equipment that is needed.”

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  45. “Meanwhile, businesses—particularly in hospitality and retail—are being taxed into oblivion and are not hiring as many people. In my North Cotswolds constituency, we employ 3,700 people in hospitality, and the sector provides £220 million to the local economy. However, higher employer national insurance contributions, rising minimum wages, hugely increasing business rates and energy price increases, exacerbated by the Employment Rights Act 2025, are all making it harder to make profits and are stalling growth. Taxes are already at a post-war high and there are threats to hike them further. None of this environment is encouraging businesses to hire and take on more people and so reduce the high unemployment figures.”

    House of Commons13 May 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗

  46. “It is not my job as an Opposition MP to tell Labour how to sort out its leadership problems, but whatever it does, it is important to convince the international community and the people of this country that there is a stable, well-thought-out economic policy and to give the markets confidence, in order to reduce the current borrowing premium. It is not the job of the Government to subsidise every business, but it is the duty of the Government to create conditions in which growth, prosperity, enterprise and investment can thrive. The Government have included a Bill to target youth unemployment, which is welcome, but the fact that it has risen by 16% or by 100,000 compared with a year ago makes it very hard for youngsters now leaving university or further education to start their careers.”

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  47. “A competent Government should already be doing so, to avoid any chance of this happening and to protect our reputation in the international markets. I note that the Government have included a Bill to reform the welfare system. The fact that 1 million people could work but do not is causing unacceptable tax increases on the rest of the hard-working population’s earnings. On top of that, higher interest rates are leading to higher food prices, higher mortgage payments and higher business costs. No one in this country—especially poorer working people—will be protected. Some of the issues we see today are avoidable. The current political instability is a major factor.”

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  48. “A 1% rise in interest rates adds £1.3 billion in costs in the first year, and £12 billion by the end of the forecast period, as new, expensive debt replaces older, cheaper debt. Indeed, yesterday, 30-year gilts hit a 28-year high at 5.81%. That gives a clue as to what the international markets think of our economic standing. On that note, I observe that one of the Labour leadership candidates does not have a clue how the bond market funding our enormous debt actually works. With inflation expected to rise again—some forecasters expect it to reach 6.7% next year—we face the very real risk of sliding into recession or a bond strike. If those very serious consequences were to occur, this country would be forced to take much more fundamental measures to cut our expenditure.”

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  49. “The United Kingdom is carrying one of the highest levels of borrowing in the western world. National debt is a staggering £2.9 trillion, which is equivalent to 93.8% of our entire GDP or £102,000 per household. Even more concerning is the fact that we are expected to spend—wait for it—£111 billion on debt interest alone to service that debt. If that were a Government Department, it would be the third largest. We are heavily reliant on international markets, and our national balance sheet is highly leveraged. That leaves our economy dangerously exposed to external shocks, such as the war in Iran and the Ukraine conflict. As a result, our borrowing premium on that debt is one of the highest in the OECD; today, we are paying more in debt interest than Greece.”

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  50. “Madam Deputy Speaker, I am grateful to catch your eye in this important King’s Speech debate. I follow other colleagues in congratulating the hon. Members for Bradford West (Naz Shah) and for Harlow (Chris Vince) on their amusing and well-informed speeches. One of the few things that this Government have got right in the King’s Speech is the expedited Bill to nationalise Scunthorpe steelworks in order to safeguard domestic steel production. The plant is costing the taxpayer £1 million a day, and therefore modernisation and future private and public investment under a Government-owned company need to be implemented. However, our economy is in a very fragile state. It grew by only 1.3% in real terms in 2025, and the Office for Budget Responsibility forecasts that it will grow by only 1.4% in 2026—the lowest level of any G7 country.”

    House of Commons13 May 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗