Orders of the Day — Rate Support Grant (England)

Part of the debate – in the House of Commons at 8:50 pm on 9 December 1987.

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Photo of Mr Stuart Holland Mr Stuart Holland , Vauxhall 8:50, 9 December 1987

The hon. Gentleman is talking about taking privatisation in the economy as a whole and the rate of wage increases in the economy as a whole. He should realise — I do not know whether he is a trained economist—that he cannot do that. It is a non sequitur. Even his arithmetic is wrong. He said that 1 per cent. a year over 10 years comes to 10 per cent. But less than 1 per cent. is less than 1 per cent.—that is less than the accounting errors of our best-managed companies. If the hon. Gentleman wishes to give strictures to the Opposition, he should address himself to the arguments of my hon. Friend the Member for Bradford, North (Mr. Wall) and not make such flatulent statements.