Part of the debate – in the House of Commons at 11:35 am on 10 June 2010.
The hon. Gentleman can raise that matter in the Budget debate. We inherited the largest fiscal deficit in the EU. Everyone agrees that we must take some measures to get it under control. The sooner that we get it under control, the better for securing a long-term, sustainable recovery and the better the prospect for interest rates. Unless we take those decisions to rebalance the economy and promote growth in the private sector, the situation will not improve.