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Amendment of the Law

Part of the debate – in the House of Commons at 1:41 pm on 24th March 2011.

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Photo of Stephen Hammond Stephen Hammond Conservative, Wimbledon 1:41 pm, 24th March 2011

We just heard that the shadow Chancellor’s plan is to halve the deficit over the lifetime of this Parliament. For clarity’s sake, will he tell us what the implications of that would be for the cost of borrowing? What advice has he taken on the yields on 10-year gilts, which would clearly move if we cut borrowing?