The Economy

                                                                          THE £9 TRILLION QUESTION

The Government is driving Britain towards bankruptcy. While not all of our problems are of their making, their poor decisions have caused terrible consequences for the country and they are clearly out of their depth. But the truth is, the problems run far deeper than any one Chancellor.

For too long, as a country, we have turned away from the hard economic realities we must face. Politicians of every colour, and the public too, have chosen short-term fixes rather than tough economic decisions. That avoidance has left us weaker, more fragile, and ill-prepared for the challenges ahead.

In my speech, I set out the scale of those challenges and the responsibility we share to protect the economic future of our children and grandchildren. They will face greater economic challenges than my generation ever did.

It is time for honesty. It is time for a proper accounting. And it is time to put the interests of future generations at the heart of our approach.

                                                           To watch my speeches and interviews on the Economy, click the image below. 

 

 

News

Richard tells HMRC to get a grip

For almost a decade banks have been mandated to report savers' interest directly to HMRC so that the tax authority could calculate the tax that was owed and retrieve it through amending individuals' tax codes.

Richard speaks in access to banking hubs debate

As Shadow Chief Secretary to the Treasury, Richard was recently the shadow minister responding to a Westminster Hall debate on banking hubs.Speaking afterwards, he said:I am a strong believer that it is important, wherever possible, for access to banking services to be maintained.

Richard comments on latest ONS figures

The Office for National Statistics (ONS) confirmed that public sector borrowing in February 2026 was the highest on record for that month outside the pandemic. Richard Fuller, Shadow Chief Secretary to the Treasury commented:Government borrowing jumped to £14.3bn in February - £7bn more than fo

No economic growth in January – what this means for you and your family

ONS figures released on Friday showed there was no GDP growth in January 2026.Richard Fuller MP, Shadow Chief Secretary to the Treasury said:Today’s figures from the ONS show the UK economy saw no growth in January and that was before the outbreak of conflict in the Middle East. Inflation is al

Richard comments on the Spring Statement

On Tuesday, the Chancellor delivered her Spring Statement.Richard Fuller MP, Shadow Chief Secretary to the Treasury said:The Chancellor's two budgets to date have had a devastating effect on the economy, especially on the life chances of young people who are seeing their job opportunities shrink at