European Council — Statement

Part of the debate – in the House of Lords at 5:06 pm on 26 November 2012.

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Photo of Lord Elton Lord Elton Conservative 5:06, 26 November 2012

My Lords, the Statement came across as though the Government regarded a real-terms freeze as the best possible option. Given that, across Europe, Governments are actually having to reduce expenditure, could one not expect something rather better than that: a real-terms reduction?