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Amendment of the Law

Part of the debate – in the House of Commons at 4:37 pm on 23rd March 2011.

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Photo of Kevan Jones Kevan Jones Shadow Minister (Defence) 4:37 pm, 23rd March 2011

The hon. Gentleman uses Greece, but my hon. Friend Chris Bryant makes a very good point: we must look at countries individually. Our economy is larger than Portugal’s or Greece’s and completely different in other ways. In addition, countries such as those have a tradition of being unable to implement fiscal reductions, unlike ours. The basic, simple point is this: £5,000 is a lot to owe for someone earning £10,000, but it is a completely different thing for Zac Goldsmith or other such people to owe that much.