Third Reading

In the House of Commons, the minister has moved that the Budget Responsibility Bill be read a third time. The minister emphasizes the importance of this legislation, stating that it is part of the government's plan to restore economic stability and deliver economic growth. The minister notes that the government received a mandate for economic growth in the general election, and that sustained growth is the national mission to improve the prosperity and living standards of the British people. The minister argues that economic stability is key to achieving this, and that the government cannot let the country get into the position it was in under the previous government, where there were huge, unfunded fiscal commitments made without proper scrutiny, and key economic institutions were sidelined. The minister warns that such unfunded, unassessed spending commitments not only threaten the public finances, but can also threaten people's incomes and mortgages. The minister encourages Conservative members, who have claimed that the economy has never been so good after 14 years of Conservative government, to reflect on why they lost all credibility for economic competence and suffered the worst election result in their history. The minister thanks all members for their contributions and the Clerks and officials who have supported the rapid passage of the Bill, and commends the Budget Responsibility Bill to the House as a small but vital part of the government's plan to restore economic stability and deliver economic growth.