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Orders of the Day — Finance Bill

Part of the debate – in the House of Commons at 5:24 pm on 20th April 2004.

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Photo of Mr Calum MacDonald Mr Calum MacDonald Labour, Na h-Eileanan an Iar 5:24 pm, 20th April 2004

The hon. Gentleman and his colleagues take too mechanistic an approach. They should look at the pattern of borrowing and spending over the entire economic cycle rather than trying to match figures to particular years. On that basis, I hope that they will find that the Keynesian model has been met when the cycle is complete.