Orders of the Day — Finance Bill

Part of the debate – in the House of Commons at 4:05 pm on 15 January 1996.

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Photo of Andrew Smith Andrew Smith Shadow Chief Secretary to the Treasury, Shadow Spokesperson (Treasury) 4:05, 15 January 1996

I have answered his question. [Interruption.]

If the Government are doing as well as the Chief Secretary claims in comparison to other countries, why, as the Governor of the Bank of England put it, are the chances…against the Government achieving their inflation target"? Why are long-term interest rates so much higher in Britain than in Germany? Why has growth under the Government been lower in nearly all our main competitors, and why has Britain gone from 13th to 18th in the world prosperity league?