Growth and Stability Pact

Part of Oral Answers to Questions — Treasury – in the House of Commons at 11:30 am on 16 December 2004.

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Photo of Richard Spring Richard Spring Shadow Minister, Economic Affairs 11:30, 16 December 2004

Given that UK net borrowing has breached the 3 per cent. level, does the Chancellor agree that a key objective of the UK presidency would be to avoid the excessive gloating, tellingly referred to by the Chancellor's comrade-in-arms Lord—oh, I am sorry—Mr. Peter Mandelson?