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Clause 1 — Equalisation of and increase in pensionable age for men and women

Part of Concessionary Bus Travel (Amendment) – in the House of Commons at 5:00 pm on 18th October 2011.

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Photo of Gregg McClymont Gregg McClymont Shadow Minister (Work and Pensions) 5:00 pm, 18th October 2011

Does the hon. Gentleman not understand his own Government’s policy, which is to eradicate the structural deficit by 2015? [Interruption.] According to the Government, the deficit will have gone. [Interruption.] The Secretary of State, from a sedentary position, makes the distinction between debt and deficit. I can tell him that I am well aware of that distinction, but I suggest that Members on the Government Benches are not so clear on this. I say that because £1 billion a year is one 1,000th of the debt that the hon. Gentleman just—