UK Parliament / Open data

The Economy

Debate on Tuesday, 6 December 2011, in the House of Commons, led by George Osborne. The answering member was Ed Balls.
Debate on a motion that this House has considered the matter of the economy. Negatived on division (79 to 213).
Type
Parliamentary proceeding
Reference
537 c178-272 
Session
2010-12
Department
Treasury
Chamber / Committee
House of Commons chamber
Proceeding contributions
Speaker | 537 c178 (Link to this contribution) Before I call the Chancellor, I remind the House that in view of the high level of interest in the d...
Speaker | 537 c193 (Link to this contribution) Order. I am not quite sure we are going to allow ““balls””. I am sure you can think of a better word...

Show all contributions (245)
Speaker | 537 c255 (Link to this contribution) Order. There are still seven speakers who wish to contribute to the debate, so I am reducing the tim...
Stephen Timms | 537 c183 (Link to this contribution) Did the Chancellor use those weeks to rethink his plan, because the OBR was telling him that the ass...
George Osborne | 537 c182-3 (Link to this contribution) We restricted cash payouts in the Royal Bank of Scotland in the last bonus round to less than £2,000...
Sheila Gilmore | 537 c183 (Link to this contribution) The OBR does not say that the cause of reduced growth is that the recession was found to be deeper. ...
George Osborne | 537 c183 (Link to this contribution) The OBR was also very clear in its analysis of why there had been weaker growth. Over the past seven...
George Osborne | 537 c183-4 (Link to this contribution) The OBR is very clear that the cause of its downgrade of the trend growth rate is the—[Interruption....
George Osborne | 537 c184-5 (Link to this contribution) I have given way to both hon. Members, and I know that many people want to speak in this debate. Th...
Helen Goodman | 537 c182 (Link to this contribution) Will the Chancellor tell us what he, as a major shareholder in some of the largest banks in the coun...
Lisa Nandy | 537 c185 (Link to this contribution) We have heard a lot about what the Chancellor thinks about the Labour party. How many of the 100,000...
Ed Balls | 537 c181 (Link to this contribution) Labour Members welcome the Chancellor's conversion to transparency in financial affairs. He will kno...
George Osborne | 537 c181 (Link to this contribution) I give way first to the shadow Chancellor and then to the member of the Treasury Committee.
George Osborne | 537 c182 (Link to this contribution) And the right hon. Member for Delyn (Mr Hanson) was a Minister in that Government.
George Osborne | 537 c181 (Link to this contribution) I will give way if one single Opposition Member concedes that Labour was in government for 13 years ...
George Osborne | 537 c181 (Link to this contribution) I think that, in the interests of transparency, the right hon. Gentleman should have told the House ...
Lord Hanson of Flint | 537 c182 (Link to this contribution) Will the Chancellor give us some idea of how many bank employees' salaries of over £1 million will n...
George Osborne | 537 c182 (Link to this contribution) Anyone listening to Opposition Members would believe that under the mythical Labour Government that ...
Angela C Smith | 537 c180 (Link to this contribution) Is not the Chancellor's credit easing scheme an admission that his earlier deal—the Merlin deal—has ...
George Osborne | 537 c178-80 (Link to this contribution) I beg to move,"That this House has considered the matter of the economy." I am pleased that the Hou...
George Osborne | 537 c180-1 (Link to this contribution) The Merlin deal was for this year, and it was a commitment to increase gross lending to small busine...
George Osborne | 537 c181 (Link to this contribution) I will certainly give way; I hope the hon. Gentleman will welcome this change.
Gordon Banks | 537 c181 (Link to this contribution) Will the Chancellor tell us how transparency will actually reduce the income of those to whom he ref...
George Osborne | 537 c181 (Link to this contribution) Transparency should make it clear to the owners of these banks—the shareholders—what the pay and bon...
Charlie Elphicke | 537 c190 (Link to this contribution) The shadow Chancellor talks about my constituency, but let me talk about his. How does he account fo...
Ed Balls | 537 c190-1 (Link to this contribution) If the hon. Gentleman is quoting the figures for this year, they might be the result of the Chancell...
Ed Balls | 537 c190 (Link to this contribution) The more publicity I can give the hon. Gentleman, the better.
Richard Fuller | 537 c191 (Link to this contribution) Will the right hon. Gentleman give way?
Ed Balls | 537 c191-2 (Link to this contribution) In a second. I will answer the previous intervention before I turn to the next one. The financial c...
Tobias Ellwood | 537 c191 (Link to this contribution) The right hon. Gentleman speaks of asking for, or demanding, an apology, but an apology is required ...
Ed Balls | 537 c191 (Link to this contribution) The hon. Gentleman makes an important point: there was a major financial crisis that hit Britain and...
Richard Fuller | 537 c192 (Link to this contribution) As the shadow Chancellor's soon-to-be replacement, the hon. Member for Leeds West (Rachel Reeves), r...
Ed Balls | 537 c192 (Link to this contribution) In the hon. Gentleman's constituency 10,800 families are actually losing out as a result of the chan...
Nadhim Zahawi | 537 c189 (Link to this contribution) In The Times today the shadow Chancellor wrote:"““Credibility is based on trust and trust is based o...
Ed Balls | 537 c189 (Link to this contribution) Of course I will. When I was the Education Secretary we said that there would be over £1 billion of ...
Ed Balls | 537 c190 (Link to this contribution) I think that the bibulous parties might be starting in the morning, Mr Deputy Speaker. The euro is n...
Charlie Elphicke | 537 c190 (Link to this contribution) Given that the shadow Chancellor seems to be making up policy on the hoof in this debate, is it any ...
Ed Balls | 537 c190 (Link to this contribution) If we want to know about hurting, we should think about the 9,100 families in Dover hurting because ...
Anne Main | 537 c189 (Link to this contribution) May I say to the shadow Chancellor, with all due respect, that the public deserve better than this? ...
Ed Balls | 537 c190 (Link to this contribution) Obviously the hon. Lady was not invited to the drinks parties. Perhaps she should apologise to the 5...
Anne Main | 537 c190 (Link to this contribution) I am absolutely amazed that joining the euro is still in the right hon. Gentleman's party manifesto,...
George Osborne | 537 c185 (Link to this contribution) On the same measure that the hon. Lady uses, child poverty rose by 200,000 in the last Parliament. [...
Nadhim Zahawi | 537 c185 (Link to this contribution) On the question of whom the nation blames, why does the Chancellor think that a recent ICM poll show...
George Osborne | 537 c186-7 (Link to this contribution) I will explain the economics very simply: if people do not think you can pay your debts in the world...
Ed Balls | 537 c187-9 (Link to this contribution) A year ago this week, the Chancellor of the Exchequer told the American news channel CNBC:"““We've a...
George Osborne | 537 c186 (Link to this contribution) The right hon. Gentleman quoted the chief economist or head of the NIESR, but did not happen to decl...
George Osborne | 537 c186 (Link to this contribution) In the situation we face at the moment, where countries around the world, particularly those in the ...
Ed Balls | 537 c186 (Link to this contribution) This is the second time that the Chancellor has not understood the question today and has therefore ...
George Osborne | 537 c185-6 (Link to this contribution) The reason they think that is because it is true. This, again, is the absolutely hopeless position t...
Ed Balls | 537 c186 (Link to this contribution) Of course, but could the Chancellor explain why in a liquidity trap things would not operate in that...
Christopher Pincher | 537 c193 (Link to this contribution) For the benefit of the shadow Chief Secretary, my constituency is Tamworth. [Laughter.] I see that s...
Ed Balls | 537 c193-4 (Link to this contribution) Abandon the Darling plan? It is the Chancellor who is borrowing £37 billion more than under the Darl...
Matt Hancock | 537 c193 (Link to this contribution) I withdraw it. Will the shadow Chancellor have the weight to state explicitly what he has just argue...
Ed Balls | 537 c193 (Link to this contribution) The numbers for the hon. Gentleman's constituency show that 8,600 families in his constituency are l...
Matt Hancock | 537 c193 (Link to this contribution) Youth unemployment in my constituency is falling because of a work experience programme that has now...
Richard Fuller | 537 c192 (Link to this contribution) The shadow Chancellor makes potentially a fair point about Government debt, but the Government are r...
Ed Balls | 537 c192 (Link to this contribution) Over 1 million more homeowners than in 1997, and over 1 million more new businesses—with overdrafts ...
Ed Balls | 537 c192 (Link to this contribution) If the hon. Gentleman calms down and lets me answer his point he will be able to intervene again. I ...
Ed Balls | 537 c195 (Link to this contribution) Government Members may laugh at an 80% rise in youth unemployment, but that is not a laughing matter...
Ed Balls | 537 c195 (Link to this contribution) I will give way in a second. There is a choice. We can either take action now and then have long-ter...
Ed Balls | 537 c195 (Link to this contribution) In a second. Any Government would be borrowing at the moment. The question is whether it is better t...
Nadhim Zahawi | 537 c195 (Link to this contribution) The shadow Chancellor is obviously passionate about the subject of youth unemployment, so will he ad...
Ed Balls | 537 c195 (Link to this contribution) Not for the first time, the Chancellor's whipping operation is clearly in place. As I said last time...
Ed Balls | 537 c195 (Link to this contribution) Before the crisis, youth unemployment was lower than what we inherited in 1997. It then went up duri...
George Osborne | 537 c194 (Link to this contribution) The right hon. Gentleman has just quoted the OECD's chief economist. The same person said on 28 Nove...
Ed Balls | 537 c194 (Link to this contribution) Only this Chancellor, out of his depth and out of touch, could come to this House and claim that the...
David Anderson | 537 c195 (Link to this contribution) The shadow Chancellor makes the point that the Government are trying to borrow their way out of a cr...
Speaker | 537 c197 (Link to this contribution) Order. I just remind Members that there is a six-minute limit on speeches.
Ed Balls | 537 c196-7 (Link to this contribution) I will not, because I have gone on too long and there are other important speeches to be made today....
Bob Stewart | 537 c196 (Link to this contribution) Will the right hon. Gentleman give way?
Ed Balls | 537 c196 (Link to this contribution) The economics of this are clear and easy to understand, which is why both the IMF and the OECD have ...
Stephen Timms | 537 c199 (Link to this contribution) The number of young people out of work has topped 1 million for the first time. If nothing else, tha...
Lord Tyrie | 537 c197-9 (Link to this contribution) I will not try so much of the party political stuff that we have just heard, but I will make a short...
Matt Hancock | 537 c196 (Link to this contribution) I am very grateful. The right hon. Gentleman keeps making his argument about borrowing, but is it no...
Ed Balls | 537 c195 (Link to this contribution) I will take interventions from Members who have not already intervened twice.
Lord Darling of Roulanish | 537 c204 (Link to this contribution) As it happens, there is a passage in my book about the trend rate of growth. I believe that economis...
Tom Clarke | 537 c203 (Link to this contribution) Following on from my right hon. Friend's point about cuts, is he particularly worried about the cons...
Lord Darling of Roulanish | 537 c202-3 (Link to this contribution) I hope that the hon. Member for Skipton and Ripon (Julian Smith) will forgive me for not following h...
Pat McFadden | 537 c204 (Link to this contribution) My right hon. Friend talks about the effect of the Office for Budget Responsibility and the forward ...
Lord Darling of Roulanish | 537 c203-4 (Link to this contribution) I am, and I shall come on to that in a minute, but I want to make a further point. If the OBR comes ...
Stephen Timms | 537 c199-201 (Link to this contribution) Unfortunately, nothing at all. This lack of confidence is one of the problems in the economy. Anoth...
Julian Smith | 537 c201-2 (Link to this contribution) I want to speak about small business—in particular micro-businesses, which are usually defined as th...
Bob Stewart | 537 c202 (Link to this contribution) In my constituency the complaint from small businesses is that they want to make a profit, not spend...
Julian Smith | 537 c202 (Link to this contribution) My hon. Friend makes a valid point. This is a controversial area, because although the Government ar...
Jessica Morden | 537 c199 (Link to this contribution) Last week, Tata steel in my constituency mothballed a hot strip mill because of low demand for steel...
Edward Leigh | 537 c209-10 (Link to this contribution) That is absolutely right. We do not know what is going on in a lot of areas. Many EU countries, incl...
Andrew Turner | 537 c209 (Link to this contribution) My hon. Friend has alluded to the situation in Greece. Does he agree that much is borrowed but not a...
Edward Leigh | 537 c208-9 (Link to this contribution) The hon. Member for Birmingham, Hall Green (Mr Godsiff) suggests that RBS should be made into a nati...
Speaker | 537 c208 (Link to this contribution) A few Members have risen, but I must remind colleagues that if any of them wish to catch my eye, it ...
Stephen Williams | 537 c206-7 (Link to this contribution) That is an interesting point. The Chancellor said in the autumn statement that a study would be carr...
Roger Godsiff | 537 c207-8 (Link to this contribution) Ordinary people in my constituency who face massive pressures on their household budgets and look fo...
Stephen Williams | 537 c205-6 (Link to this contribution) It is a great pleasure to follow the former Chancellor. We can contrast his thoughtful and authorita...
Jonathan Edwards | 537 c206 (Link to this contribution) How will regional pay in the public sector help areas of Britain that are lagging behind, such as th...
Matt Hancock | 537 c204 (Link to this contribution) Will the right hon. Gentleman give way?
Lord Darling of Roulanish | 537 c205 (Link to this contribution) I would love to, but if think that if I do it counts against me, so I shall carry on speaking for a ...
Glyn Davies | 537 c217 (Link to this contribution) I shall take a Welsh perspective, and to some extent a constituency perspective. Debt hangover, defi...
Phil Wilson | 537 c216-7 (Link to this contribution) My hon. Friend raises an important point. I do not think the Government have thought all these thing...
Glyn Davies | 537 c217-8 (Link to this contribution) I thank the hon. Gentleman, although I am not absolutely certain that I picked up his point. Governm...
Angus Brendan MacNeil | 537 c217 (Link to this contribution) The hon. Gentleman said that most economic control was devolved to Wales. Would he be as comfortable...
Baroness Chapman of Darlington | 537 c215 (Link to this contribution) My hon. Friend is making a superb point. I do not know whether he has served on the governing body o...
Phil Wilson | 537 c214-5 (Link to this contribution) I would like to discuss the part of the autumn statement dealing with local public sector pay and th...
Angela C Smith | 537 c216 (Link to this contribution) Does my hon. Friend believe for a minute that the Government have thought through the complexities o...
Phil Wilson | 537 c215-6 (Link to this contribution) That is absolutely right. If regional pay structure went ahead, in whatever variety it may take, it ...
Owen Smith | 537 c218 (Link to this contribution) I entirely agree with the point that the hon. Gentleman is making, but would it not have been easier...
Gordon Banks | 537 c212-3 (Link to this contribution) I agree with that, and I would add to that the comments of my hon. Friend the Member for Glasgow Nor...
Angela C Smith | 537 c212 (Link to this contribution) My hon. Friend is making a very strong case against the Government's economic policy. Does he agree ...
Gordon Banks | 537 c211-2 (Link to this contribution) The Scottish Minister's decision is responsible for the cuts that could also impact on investment an...
William Bain | 537 c211 (Link to this contribution) My hon. Friend will have noted that in Scotland recently, construction output has fallen by 2.3%. Wh...
Gordon Banks | 537 c211 (Link to this contribution) I draw the House's attention to my declared interests. The Government's economic plan is not workin...
Edward Leigh | 537 c210-1 (Link to this contribution) I can point to successful economies in the world that have the taken the view that the way to get ou...
Glyn Davies | 537 c210 (Link to this contribution) I have a lot of sympathy with the case my hon. Friend is making, but can he point to any internation...
Anne Marie Morris | 537 c214 (Link to this contribution) I agree with my hon. Friend absolutely, and that brings me nicely to the challenge that we face in g...
Anne Marie Morris | 537 c213-4 (Link to this contribution) The Office for Budget Responsibility has shown clearly that productivity is slowing, and our recover...
Damian Collins | 537 c222-3 (Link to this contribution) She was very dismissive of the significance of the review the Chancellor announced last week on whet...
Damian Collins | 537 c223 (Link to this contribution) The hon. Lady seems to think that there is something incompatible between sensible investment in gro...
Angela C Smith | 537 c223 (Link to this contribution) I thought that the hon. Gentleman's party was going to form the greenest Government ever.
Sammy Wilson | 537 c223-4 (Link to this contribution) First, I welcome a number of things set out in the autumn statement, such as the increased money for...
Nigel Mills | 537 c225-6 (Link to this contribution) It is a pleasure to follow the hon. Member for East Antrim (Sammy Wilson). Having recently joined th...
Sammy Wilson | 537 c225 (Link to this contribution) That is exactly the point that I am trying to make. Borrowing does not necessarily have to mean a bi...
Nigel Mills | 537 c226-7 (Link to this contribution) Well, I am sure that she recognises how great an employer it is—and it is very kind of the hon. Lady...
Helen Goodman | 537 c226 (Link to this contribution) I am pleased that the hon. Gentleman congratulates David Nieper, because my sister works in that fac...
Helen Goodman | 537 c219 (Link to this contribution) I am pleased to follow the hon. Member for Montgomeryshire (Glyn Davies). I do not agree with what h...
Damian Collins | 537 c220 (Link to this contribution) Throughout the debate this afternoon we have been asked to consider that the debt situation that we ...
Helen Goodman | 537 c219-20 (Link to this contribution) I cannot imagine what the Chancellor has against families with children, but it is obviously a matte...
Pat McFadden | 537 c219 (Link to this contribution) My hon. Friend is right in what she says about the Institute for Fiscal Studies estimates. She will ...
Tom Blenkinsop | 537 c221 (Link to this contribution) The common denominator in all the European countries to which my hon. Friend the Member for Edinburg...
Damian Collins | 537 c221 (Link to this contribution) The hon. Lady will be pleased to know that we are also behind Singapore, the United States and Japan...
Sheila Gilmore | 537 c221 (Link to this contribution) I am fascinated by the comparisons that have been given. Virtually all of the first group of countri...
Damian Collins | 537 c220-1 (Link to this contribution) The hon. Member for Bishop Auckland (Helen Goodman) is speaking from a sedentary position. I shall c...
Damian Collins | 537 c221-2 (Link to this contribution) I am not sure what the hon. Gentleman's critique is of the party that was in power for 13 years and ...
Eric Ollerenshaw | 537 c230-1 (Link to this contribution) I am grateful for the intervention. I was going to go on to say that some of these things are actual...
Eric Ollerenshaw | 537 c230 (Link to this contribution) It is great to follow such passion from the north-east, but I would say to the hon. Member for Blayd...
Sammy Wilson | 537 c230 (Link to this contribution) The hon. Gentleman has given a list of reasons why businesses are not investing. Does he also accept...
Jim McGovern | 537 c229 (Link to this contribution) As everyone is aware, the Prime Minister referred to last week's day of action as a ““damp squib””. ...
David Anderson | 537 c229-30 (Link to this contribution) I certainly hope that there is no need for any more squibs, damp or otherwise. It was absolutely wro...
Baroness Burt of Solihull | 537 c228 (Link to this contribution) I am very sympathetic to what the hon. Gentleman is saying about high pay and tax evasion; we are tr...
David Anderson | 537 c228-9 (Link to this contribution) I will come to what the hon. Lady's party has had to say and pick up her point then. It is little w...
William Bain | 537 c228 (Link to this contribution) My hon. Friend is making a passionate argument, as ever. The Chancellor said earlier that the only p...
David Anderson | 537 c228 (Link to this contribution) I am very clear that the Chancellor is trying to pretend that nobody else in the world wants what we...
Nicholas Dakin | 537 c264 (Link to this contribution) I thank you, Mr Speaker, for calling me to contribute towards the end of this debate. I have had the...
Sheila Gilmore | 537 c263-4 (Link to this contribution) Indeed. Despite the fact that the Chancellor has assured us that he has entered into arrangements wi...
Speaker | 537 c258 (Link to this contribution) Order. I am sorry to interrupt the hon. Lady. If Members want to have private conversations, they sh...
Harriett Baldwin | 537 c258-9 (Link to this contribution) Thank you, Madam Deputy Speaker. I want to feed back to those on the Treasury Bench some of my cons...
William Bain | 537 c259-61 (Link to this contribution) Thank you, Madam Deputy Speaker, for calling me to speak in this extremely important debate. The hu...
Tobias Ellwood | 537 c261-2 (Link to this contribution) It is a pleasure to participate in this important debate. I hope that the usual channels will recogn...
Sheila Gilmore | 537 c262-3 (Link to this contribution) This debate is not about denying the deficit, and nor is it about never reducing public spending: it...
Speaker | 537 c263 (Link to this contribution) Order. It is the height of discourtesy for an hon. Gentleman, who has just made a speech in the deba...
Sheila Gilmore | 537 c263 (Link to this contribution) The ongoing effect of creating construction jobs would ripple far beyond the jobs themselves. That i...
Sammy Wilson | 537 c263 (Link to this contribution) There is an additional ingredient that is needed in the hon. Lady's proposal. Not only do the Govern...
Speaker | 537 c272 (Link to this contribution) That, I think, was a case of either a point of frustration or, as the right hon. Gentleman has a smi...
Ed Davey | 537 c267-8 (Link to this contribution) Given that that comes from a former Treasury Minister in a Government who often got their figures wr...
Speaker | 537 c268 (Link to this contribution) Order. Far too many private conversations are taking place in the Chamber. Let us hear the Minister....
Ed Davey | 537 c267 (Link to this contribution) I do not think anyone doubts the serious economic challenges facing the UK, Europe and the wider wor...
Geoffrey Robinson | 537 c267 (Link to this contribution) It is not a question of not accepting the integrity of the Office for Budget Responsibility. The que...
Speaker | 537 c269 (Link to this contribution) The Question is, That the Question be now put. [Interruption.] I think the Ayes have it. [Interrupti...
Alistair Carmichael | 537 c271 (Link to this contribution) On a point of order, Mr Speaker. I seek your guidance. Is there any means by which tomorrow's record...
Ed Davey | 537 c268-9 (Link to this contribution) Other Governments, faced with rising interest rates on their debts, are now having to address their ...
Alan Campbell | 537 c269 (Link to this contribution) claimed to move the Closure (Standing Order No. 36).
Chi Onwurah | 537 c264-7 (Link to this contribution) Last year the Chancellor boasted, with barely contained glee, that it would be necessary to make cut...
Therese Coffey | 537 c272 (Link to this contribution) Further to that point of order, Mr Speaker. I seek your advice. Is it fair to say that anyone who ha...
Speaker | 537 c272 (Link to this contribution) The very simple answer to the hon. Lady is that the House has not been misled in any way. Nothing di...
Andrew Miller | 537 c272 (Link to this contribution) On a point of order, Mr Speaker... Mr Speaker, by a majority of 134, the House has determined that t...
Ed Balls | 537 c272 (Link to this contribution) On a point of order, Mr Speaker. Given that the motion before the House today was on whether there h...
Speaker | 537 c272 (Link to this contribution) I am grateful to the right hon. Gentleman. The allocation of time for parliamentary debates is not a...
Matt Hancock | 537 c231 (Link to this contribution) I am interested by my hon. Friend's proposal. Does he recognise that it is similar in structure to w...
John Stevenson | 537 c234-5 (Link to this contribution) It is a pleasure to have the opportunity to participate in the debate. I appreciate that it is prima...
Tom Clarke | 537 c232-3 (Link to this contribution) My hon. Friend, as usual, makes an interesting and relevant point. I hope to return to it later if t...
William Bain | 537 c232 (Link to this contribution) My right hon. Friend has been a champion of equality since being elected to this House in 1982. I wo...
Tom Clarke | 537 c234 (Link to this contribution) My hon. Friend makes an excellent point, with which I agree. When it was promised that the coalitio...
Jim McGovern | 537 c233 (Link to this contribution) My right hon. Friend may be aware that last Friday, a Spanish wind turbine company called Gamesa aba...
Tom Clarke | 537 c232 (Link to this contribution) I have listened to this debate with interest. My experience is that the problems that my constituent...
Eric Ollerenshaw | 537 c231-2 (Link to this contribution) I thank my hon. Friend for that intervention. My suggestion is a hybrid scheme for which universitie...
Tom Clarke | 537 c232 (Link to this contribution) The Chancellor likes to hear himself, but I do not see him often when others are speaking. We are e...
Angela C Smith | 537 c232 (Link to this contribution) I wonder whether my right hon. Friend feels insulted that, given the seriousness of the debate, no M...
Matt Hancock | 537 c239 (Link to this contribution) Let me set out my point and then I will take the intervention. The conditions under which that can b...
Sheila Gilmore | 537 c239 (Link to this contribution) It has more force in economic theory. That was precisely the point that was made during the 1930s an...
Matt Hancock | 537 c239 (Link to this contribution) I will come on to that point a little later. That is the argument that is put. The question that has...
Baroness Bray of Coln | 537 c239 (Link to this contribution) Is the point not being missed by the hon. Member for Edinburgh East (Sheila Gilmore)? On this Keynes...
Matt Hancock | 537 c239 (Link to this contribution) No, I will make the point in another way. If a person borrows money to employ somebody and then clai...
Angela C Smith | 537 c240 (Link to this contribution) Follow that, as they say. There is no doubt that the economic news of the past few weeks has been a...
Matt Hancock | 537 c240 (Link to this contribution) Keynes himself argued that we need to save in the good times or, as JFK on the left put it, we need ...
William Bain | 537 c240 (Link to this contribution) Is my hon. Friend aware of the figures from the OBR which indicate the scale of the Chancellor's dis...
Charlie Elphicke | 537 c235 (Link to this contribution) Does my hon. Friend agree that a key Government priority should be to boost trade with BRIC countrie...
John Stevenson | 537 c235 (Link to this contribution) I completely agree. Growth is not in Europe but elsewhere in the world, and we should try to increas...
Angela C Smith | 537 c236 (Link to this contribution) In the context of what my right hon. Friend says, can it be fair that while £1.2 billion in tax cred...
Pat McFadden | 537 c236 (Link to this contribution) I agree with my right hon. Friend that the economic times that we are in should make us reassess wha...
Denis MacShane | 537 c236 (Link to this contribution) Is my right hon. Friend aware that between 1997 and 2010 the British economy grew by 75%—in other wo...
Pat McFadden | 537 c235-6 (Link to this contribution) I shall use the time available to make a couple of points about the economic challenge facing the co...
Karl Turner | 537 c238 (Link to this contribution) Before the hon. Gentleman moves on to his next point, will he accept that economic growth was choked...
Matt Hancock | 537 c238 (Link to this contribution) I shall continue directly from what was said by the right hon. Member for Wolverhampton South East (...
Pat McFadden | 537 c236-8 (Link to this contribution) Anyone who looks at the IFS distributional charts would certainly not judge the impact of the Govern...
Sheila Gilmore | 537 c247 (Link to this contribution) At the same time the Government reduced the amount of child care tax credit last year, so far from h...
Charlie Elphicke | 537 c246-7 (Link to this contribution) I am pleased to be the first to welcome you to the Chair, Madam Deputy Speaker. I want to make a few...
Sheila Gilmore | 537 c247 (Link to this contribution) Like others who have spoken today, the hon. Gentleman is confusing several different issues. The pur...
Charlie Elphicke | 537 c247 (Link to this contribution) I thought that child care tax credits had been protected. Indeed, I believe they are going up £135 n...
Adrian Bailey | 537 c245-6 (Link to this contribution) I will resist the temptation to answer the points made by the previous speaker, the hon. Member for ...
Nicholas Dakin | 537 c250 (Link to this contribution) My hon. Friend is giving a powerful analysis of the situation the country faces. Does he agree that ...
Charlie Elphicke | 537 c247-8 (Link to this contribution) As the hon. Lady well knows, she and I debated the issue at length during the Committee stage of the...
Speaker | 537 c248 (Link to this contribution) Order. Members do not have to agree with what is being said, but they do have to listen to it, and n...
Charlie Elphicke | 537 c248 (Link to this contribution) Thank you, Madam Deputy Speaker. In the last Parliament, youth unemployment in the shadow Chancello...
Tom Blenkinsop | 537 c248-50 (Link to this contribution) The plan of the Prime Minister and the Chancellor had been fiscal austerity coupled with an evacuati...
Richard Fuller | 537 c242-3 (Link to this contribution) I listened with great interest to the comments of the hon. Member for Penistone and Stocksbridge (An...
Angela C Smith | 537 c241-2 (Link to this contribution) It can only have a regressive impact because it will mean that families are less able to provide for...
Angela C Smith | 537 c240-1 (Link to this contribution) It absolutely does explain the scale of it. Let us make real life sense out of some of these figures...
Matt Hancock | 537 c244 (Link to this contribution) Should we not also consider regulating the overall debt in the economy, as was done until 1997, but ...
Richard Fuller | 537 c244-5 (Link to this contribution) My hon. Friend makes a good point; indeed, that is also an idea that we should consider. The other ...
Adrian Bailey | 537 c243 (Link to this contribution) I assume that in his figures for debt, the hon. Gentleman is talking about secured debt as well as u...
Richard Fuller | 537 c243-4 (Link to this contribution) I thank the hon. Gentleman for his intervention. He makes one correct point but draws a false conclu...
Denis MacShane | 537 c243 (Link to this contribution) In the 1930s, interest rates were close to zero, as they were in Japan in the 1990s. Arguably, that ...
Baroness Chapman of Darlington | 537 c253 (Link to this contribution) How can the hon. Gentleman possibly square that point with the dramatic nose-dive this year in appli...
Michael Meacher | 537 c254 (Link to this contribution) There is a paradox at the centre of the autumn statement that makes it self-defeating. The statement...
David Rutley | 537 c253-4 (Link to this contribution) I am not familiar with circumstances in the north-east; I am making the point that too few students ...
Michael Meacher | 537 c255 (Link to this contribution) Indeed. I very much support that point, and I shall come on to it later, if the hon. Gentleman allow...
Jim Shannon | 537 c254 (Link to this contribution) The right hon. Gentleman has clearly identified those at the top of the earnings scale, but at the b...
Steve Baker | 537 c255-7 (Link to this contribution) As I rise to speak I am reminded of a quotation from an economist who was a fierce critic of Keynes,...
Chris Evans | 537 c257-8 (Link to this contribution) We have heard the name of John Maynard Keynes again in this debate. My favourite Keynes quotation is...
Harriett Baldwin | 537 c258 (Link to this contribution) How can I follow the wonderful, lilting oratory from the hon. Member for Islwyn (Chris Evans)? It i...
Baroness Chapman of Darlington | 537 c251 (Link to this contribution) My hon. Friend is making a fantastic speech.
Tom Blenkinsop | 537 c250-1 (Link to this contribution) My hon. Friend will know the consequences of the policies so far. We have seen massive job haemorrha...
David Rutley | 537 c252 (Link to this contribution) I completely agree with my hon. Friend, and I will come on to talk about the impact in Macclesfield,...
Charlie Elphicke | 537 c252 (Link to this contribution) Does my hon. Friend agree that apprenticeships have been a real step forward and have made a massive...
David Rutley | 537 c251-2 (Link to this contribution) It is an honour to follow the hon. Member for Middlesbrough South and East Cleveland (Tom Blenkinsop...
Tom Blenkinsop | 537 c251 (Link to this contribution) I thank my hon. Friend for that lovely intervention; it is an early Christmas present, in many ways....
David Rutley | 537 c252-3 (Link to this contribution) It is good to hear that, and the hon. Lady makes an important point. Of course vocational skills are...
Pat Glass | 537 c252 (Link to this contribution) Does the hon. Gentleman believe that the Government's policy of putting a hierarchy of subjects into...
Ed Balls | 537 c189 (Link to this contribution) Whatever drinks are served at these parties in Downing street? Maybe we can find out from the back r...
David Rutley | 537 c214 (Link to this contribution) My hon. Friend is a passionate advocate for micro-businesses and I commend her for her extraordinary...
Matt Hancock | 537 c238-9 (Link to this contribution) I certainly accept that growth and the protection of the economy will be difficult because we are es...
Pat McFadden | 537 c241 (Link to this contribution) My hon. Friend refers to the cuts in tax credits in the autumn statement. Since they entered office,...
Richard Fuller | 537 c243 (Link to this contribution) The right hon. Gentleman makes a helpful point. It is precisely my point, although unfortunately the...
Nadhim Zahawi | 537 c195 (Link to this contribution) Will the hon. Gentleman give way?
Glyn Davies | 537 c218-9 (Link to this contribution) I thank the hon. Gentleman, but he completely ignores my point and is going back to the partisan kno...
David Anderson | 537 c224-5 (Link to this contribution) In reality, can the two sectors not work together? My hon. Friend the Member for Bishop Auckland (He...
David Anderson | 537 c227-8 (Link to this contribution) Last week was the week when the bubble burst and the Conservatives had to accept what everybody else...
Speaker | 537 c272 (Link to this contribution) I hope it is a different and unrelated point of order.
David Rutley | 537 c252 (Link to this contribution) It is good to hear from those on the rowdy Bench again.
Subjects
Children
Disclosure of information
Banks
Women
Finance
Families
Incentives
Interest rates
Economic situation
Economic and monetary union
Economic growth
Inflation
Forecasts
Low incomes
Pay
Poverty
Managers
Mortgages
Loans
Regulation
Unemployment
Treasury
Cuts
Office for Budget Responsibility
Link
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