Global Economy

Part of the debate – in the House of Commons at 2:20 pm on 11 August 2011.

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Photo of Malcolm Bruce Malcolm Bruce Chair, International Development Committee, Chair, International Development Committee 2:20, 11 August 2011

As the wolves circle country after country, are this coalition Government not vindicated? They were absolutely right to come together with a robust strategy to bring our public finances into balance over the lifetime of this Parliament, while the Labour party lacks credibility. If there is one area where we can ensure that that is done in a fair and equal way which puts the lower and middle-income groups in the driving seat of recovery, it is the accelerated process of increasing the tax threshold, and reducing taxes on those people is the best way to do that.