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Government Capital Expenditure

Part of Opposition Day — [3rd Allotted Day] – in the House of Commons at 4:55 pm on 2nd February 2009.

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Photo of Stephen Timms Stephen Timms Financial Secretary (HM Treasury) (also in the Department for Business, Innovation and Skills) 4:55 pm, 2nd February 2009

Indeed, I have just named Joseph Stiglitz, who made the point that Britain did the right thing when the economy was good, thanks to the rules and framework that we introduced in 1997. That fiscal responsibility explains why we can afford to borrow more now to support our economy through these difficult times.

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