Economic Growth

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 22 May 2018.

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Photo of Philip Hammond Philip Hammond The Chancellor of the Exchequer 12:00, 22 May 2018

The best way to drive economic growth is to raise our productivity growth rate. That is why since 2010 the Government have overseen over half a trillion pounds in capital investment including in the national productivity investment fund, have increased investment in skills and have reduced taxes for business, and I tell my hon. Friend that the way not to support economic growth is through more borrowing, more debt and higher debt service costs.