Government's Fiscal Rules

Part of Opposition Day — [18th Allotted Day] – in the House of Commons at 4:56 pm on 7th October 2008.

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Photo of Kelvin Hopkins Kelvin Hopkins Labour, Luton North 4:56 pm, 7th October 2008

I agree with much of what the hon. Gentleman is saying. There are some good elements in the economy. Is not one of our problems the fact that we have allowed the manufacturing sector to decline and now have a gigantic balance-of-trade deficit in manufactures and goods in general? We must rebuild that sector of the economy, rather than relying wholly on the financial sector, as we have for so long.

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