Pre-Budget Report

What I would say to the hon. and learned Gentleman is that because interest rates are lower, the Government will benefit from it. I will also say something else to him: if we do not do anything, as we saw in the early 1990s when debt actually doubled, the cost to the Government and to every individual man, woman and child in the country will be far higher. That is why I believe that Government should intervene in order to help.