Pre-Budget Report

We seem to be going in circles. Does my hon. Friend agree that, contrary to the assertion made by the Chief Secretary, my hon. Friend the Member for Tatton (Mr. Osborne) made it clear that in our estimates of net debt we would include matters such as the private finance initiative, Network Rail and public pensions? Is it not the Government's failure to arrive at the truth of this matter that is undermining their arguments about what the deficit is, and thereby undermining the credit risk rating and the bond markets?