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Amendment of the Law

Part of the debate – in the House of Commons at 2:27 pm on 24th March 2011.

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Photo of Pat McFadden Pat McFadden Labour, Wolverhampton South East 2:27 pm, 24th March 2011

The Secretary of State said that the evidence had borne out his decision to change his mind on the scale and pace of deficit reduction, but what evidence does he need? Since he made that decision, the unemployment forecasts have risen, the inflation forecasts have risen, the growth forecasts have fallen, the debt repayment forecasts have risen, and as for bond yields he has no evidence that at the time of the election they were causing any problem for the UK’s financing of its debt under the last Government. What evidence is there to suggest that he was right to change his mind?