Government's Fiscal Rules

Part of Oral Answers to Questions — Treasury – in the House of Commons at 10:30 am on 5th June 2008.

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Photo of Alistair Darling Alistair Darling The Chancellor of the Exchequer 10:30 am, 5th June 2008

I am not sure that the Conservative party policy at the moment is to argue seriously that we should take Northern Rock on to the balance sheet. If we did that and applied the rules on the back of that, it would distort the economy, especially at the present time. It would make no economic sense and no sense whatever. I find it hard to understand why the hon. Gentleman is arguing that.

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Nigel Steward
Posted on 6 Jun 2008 12:18 pm (Report this annotation)

The Chancellor of the Exchequer, and his predecessor now Prime Minister, have, together, already both distorted, and ruined the economy; they could at least avoid being economic with the truth.