UK Parliament / Open data

The Economy

Proceeding contribution from Toby Perkins (Labour) in the House of Commons on Wednesday, 22 June 2011. It occurred during Opposition day on The Economy.
I think I have given way enough. I am grateful for the fact that the hon. Lady has turned up for the debate, but I shall carry on. As someone who for the five years prior to coming to this place ran a business that relied on people having money in their pockets to buy non-essential items, I know very well how important it is that decisions on our economy are balanced between the need to support growth and the need to reduce the nation's borrowing. However, we are debating the economy today because since the Chancellor's Budget a year ago, the OBR's initial predictions get worse at every stage. The OBR now predicts £46 billion more borrowing than it predicted a year ago. The Government have discovered that the policies that they are pursuing are not working, so why do they not listen to the advice, change course and ensure that we protect not only the growth that we need in our economy to reduce the budget deficit, but the people on the ground in our constituencies—that includes the constituencies of Conservative Members—who are struggling to get by, whose houses are being repossessed? Repossessions are increasing.
Type
Proceeding contribution
Reference
530 c418 
Session
2010-12
Chamber / Committee
House of Commons chamber
Back to top