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Amendment of the Law

Part of the debate – in the House of Commons at 2:17 pm on 23rd March 2011.

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Photo of Andrew Love Andrew Love Labour, Edmonton 2:17 pm, 23rd March 2011

As I understand it, the right hon. Gentleman is laying out why we need a credible reduction in our deficit in the light of the likely market reaction, but is he not concerned about the impact that any austerity programme might have? Although there has been only a limited impact so far in the United Kingdom, as in Greece and as is likely in Ireland, it may be too much, too soon.