Michael Meacher

I will; this is the second and last time that I will do so.

— from debate entitled “Economic Recovery and Welfare”

The three speeches/headings immediately before

  1. 1 earlier: Stewart Jackson

    Will the right hon. Gentleman give way?

  2. 2 earlier: Michael Meacher

    As the right hon. Gentleman knows very well, a crisis of global proportions developed almost overnight as a result of the error that was made in September 2008 with the dismemberment of Lehman Brothers. Credit should be given to the Prime Minister, who came forward with a plan that other world leaders and world economists have agreed was necessary. That is why that happened, and I think that it was right.

    I was saying that the Tories want to pursue the policies that we always knew they would pursue. Sadly, the Lib Dems—or, at least, their leader—have called for a policy of savage cuts. Even the Government are now trumpeting the fact that they have a plan to halve the deficit over four years. That appears to mean a cut of up to £80 billion, which is roughly one sixth of total Government expenditure. And the International Monetary Fund, which has always advocated increasing the privatisation of health services in the UK, is now demanding cuts in public health care and public pensions. Not for the first time, we have the extraordinary situation in which all the political parties and international supervisory institutions are, sadly, united in pursuing policies that most people see as wrong and misguided.

  3. 3 earlier: John Redwood

    Will the right hon. Gentleman explain why the Government gave all that subsidy to the banks and bailed them out when they should have told them to toughen up and sharpen up, acting as lender of last resort only in extremis?

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