Public Spending: Value for Money

Part of Treasury – in the House of Commons on 20th December 2022.

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Photo of Pat McFadden Pat McFadden Shadow Chief Secretary to the Treasury

The Minister could not tell us whether the star chamber has met at all.

On top of all the examples that have been cited today, the rescue of the energy company Bulb is estimated by the Office for Budget Responsibility to be costing another £6.5 billion, partly as a result of our hedge fund Prime Minister’s failure to hedge against rising energy prices. Why do the Government not show more respect for public money and chase down every penny of these losses before putting up taxes for 30 million people at a time when the public already face the biggest cost of living crisis for generations?