Fiscal Responsibility Bill

The Minister has been very generous in giving way. I hope that it was a slip of the tongue when he said that there were plans to halve the national debt. Will he confirm, for the sake of accuracy, that the national debt in 2010-11 will be 65 per cent. of GDP and will rise every year until 2014-15—to 71.7 per cent., 75.4 per cent., and 77.1 per cent.—reaching £1.47 trillion, or £1.7 trillion according to the treaty calculation? Will he also confirm that the Government have precisely no plans to reduce the level of the national debt?