Growth

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 14th April 1994.

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Photo of Gordon Brown Gordon Brown Shadow Chancellor of the Exchequer 12:00 am, 14th April 1994

Given that in January the Chancellor said in public that recovery was becoming robust, whereas we now know that in private he was telling the Governor of the Bank of England that it was feeble; given that in February the Chancellor was telling us that a 0.25 per cent. interest rate cut was sufficient, whereas we now know that he was telling the Governor that twice as much was necessary; and given that by March the Chancellor was telling us that tax rises would not have a substantial impact on the recovery, whereas we now know that he expressed the fear in his words with the Governor that it would be substantial, how can the country ever trust the Chancellor, not only on tax but in anything he ever says about management of the economy?