Finance Bill

Part of the debate – in the House of Commons at 6:40 pm on 6th July 2010.

Alert me about debates like this

Photo of Owen Smith Owen Smith Labour, Pontypridd 6:40 pm, 6th July 2010

Given the right hon. Gentleman's admission that the OBR's forecast on job losses may be wrong- [Interruption.] Well, if he was not implying that, that is what I took him to be implying. Irrespective of that, I want to ask about the OBR forecast's and the leaked Treasury document's anticipation of increases in private sector jobs over the next five years. Given the right hon. Gentleman's long experience of economic matters, will he comment on the plausibility of that suggestion, given that during no period in the past 40 years has that volume of private sector jobs been created, apart from in the early 1980s-and then only through the fiction of the privatisations.

Embed this video

Copy and paste this code on your website