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Part of Opposition Day — [1st allotted day] – in the House of Commons at 1:37 pm on 16th June 2010.

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Photo of Vincent Cable Vincent Cable The Secretary of State for Business, Innovation and Skills 1:37 pm, 16th June 2010

I have taken a lot of interventions. I am always generous, but may I come back to the hon. Gentleman?

I want to pursue the issue of cuts. I have dealt with the issue of immediate cuts; however, the question is where they were going to lead. I know that we have gone quite far in the modernisation of the House, but we have not got as far as PowerPoint projections, so I am a bit limited in what I can show. However, the right hon. Member for Wolverhampton South East will be familiar with the work that the IFS did before the election showing where cuts were going to appear in different Departments, had the Labour party been returned to power. I have here one of its charts, which shows what would have happened to the Department that I now lead. It shows a projection of cuts in the order of £4.4 billion, or 20%. That is what the right hon. Gentleman and his colleagues were planning.

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