The 海角视频's treasury minister has defended the 拢950-a-day pay which the Government鈥檚 new value-for-money tsar will receive.
Darren Jones, a Bristol North West MP, said the rate of return for the improvements the 海角视频 would make looking at areas of spending "will be far, far greater".
Speaking to LBC about David Goldstone, who will head up the new Office for Value for Money (OVFM), he said: 鈥淚t is right that we pay people for their time. We can鈥檛 expect people to work for free. That is an important way in which we do things in this country. Actually, the day rate for David is, on a benchmark basis, competitive.鈥
Mr Jones was also asked if he believed the markets would take fright after Labour鈥檚 Budget, similar to what happened after Liz Truss鈥檚 mini-budget.
He replied: 鈥淣o, I don鈥檛, because we have got strong and robust fiscal rules in place. One of the reasons it is very different from the Liz Truss period is we have got the stability rule which means that day-to-day spending of public services will be paid for by tax receipts, not borrowing money each and every month as the last government did.鈥
Mr Jones said the 海角视频 had "PTSD from Liz Truss鈥 amid questions about market jitters following Labour鈥檚 first Budget in Government.
Asked about the market response to the Budget, he said: 鈥渕arkets always respond to budgets in the normal way. There鈥檚 a lot of new information about the economy and the nation鈥檚 finances presented to Parliament, and it鈥檚 normal for markets to respond."
Mr Jones later added: 鈥淯nder Liz Truss, as we saw, they sacked permanent secretary, they ignored the independent Office for Budget Responsibility. They announced 拢45bn of unfunded tax cuts and said they were only just getting started. And then the market went mad and we all know what happened. Completely different in contrast to now.鈥
