Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 11:30 am on 28th March 2007.

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Photo of Tony Blair Tony Blair Prime Minister 11:30 am, 28th March 2007

Of course, as my right hon. Friend rightly implies, the single most important thing for all businesses is a strong and stable economy. The thing that wrecked so many businesses in the late 1980s and early 1990s was the second recession under the Conservatives. It is important to keep that stability going, which is why we reject the tax and spending policies of the Conservatives. Also, what would be a disaster for local business in Scotland is a 3p on income tax local rate.