I will give way in a second. There is a choice. We can either take action now and then have long-term fiscal discipline on the deficit, spending and our fiscal rules to make our economy stronger and to get borrowing down, or we can have what we have now and what is forecast for next year and the year after: stagnating growth, rising borrowing, including £158 billion more borrowing to pay for rising unemployment, and long-term youth unemployment, which will weaken our economy and make it harder to get the deficit down.
The Economy
Proceeding contribution from
Ed Balls
(Labour)
in the House of Commons on Tuesday, 6 December 2011.
It occurred during Debate on The Economy.
Type
Proceeding contribution
Reference
537 c195 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 14:04:56 +0000
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