That has nothing to do with this argument. The economy was growing strongly and the Conservative Government would have started to repay public debt over the cycle, just as the Labour Government did. I seem to remember that the Labour Government inherited Conservative spending plans and stuck to them. While they did so, the fiscal position improved greatly and we started to repay debt, so in a way it was a Conservative success that so much debt was repaid.
Finance Bill
Proceeding contribution from
John Redwood
(Conservative)
in the House of Commons on Monday, 23 April 2007.
It occurred during Debate on bills on Finance Bill.
Type
Proceeding contribution
Reference
459 c724 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
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2023-12-15 12:14:26 +0000
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