The Economy

Let me just say this to the right hon. Gentleman: the question is—[Hon. Members: "Answer!"] I will answer his question. He is the one handing out the Whips' handouts. Of course the German Government have engaged in a round of fiscal stimulus, just as the US Government have. But the difference between the German Government and the British Government is that the former were led by people who put aside money so that Germany would be better prepared when the economy turned down. The truth is—this is what the right hon. Gentleman will have to reflect on when he thinks about his time in the Cabinet—that he never once challenged the Chancellor of the Exchequer of the day, who was spending and spending and spending, racking up debt in the good years, so that when the economy turned, there was nothing left for us to deal with the economic downturn. That is the true story of the Blair years.