Amendment of the Law

Part of the debate – in the House of Commons at 9:44 pm on 27 April 2009.

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Photo of Bernard Jenkin Bernard Jenkin Conservative, North Essex 9:44, 27 April 2009

How much do the Government now regret massaging their fiscal rules in order to carry on borrowing through the years of growth rather than paying down much more debt during the good years? That is why when an economic downturn came, as might have always been inevitable, the public finances were not better prepared than they are today.