Global Economic Situation

Part of Oral Answers to Questions — Treasury – in the House of Commons at 10:30 am on 12th February 2009.

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Photo of David Gauke David Gauke Shadow Minister (Treasury) 10:30 am, 12th February 2009

The Government tell us that their growth forecasts are dependent on international co-operation with China and elsewhere. They also claim that other countries are following the United Kingdom's lead in economic policy. If that is the case, presumably the Minister will stand by the pre-Budget report's forecasts on growth—or does he agree with most commentators, including the Governor of the Bank of England, the Secretary of State for Health and the Secretary of State for Children, Schools and Families, that the recession will be much deeper?

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