Topical Questions

Part of Oral Answers to Questions — Treasury – in the House of Commons at 2:30 pm on 1st November 2011.

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Photo of Edward Balls Edward Balls Shadow Chancellor of the Exchequer 2:30 pm, 1st November 2011

I am afraid people watching this will think that was a deeply complacent answer. Today’s figures mean that the Chancellor’s figures for growth will be downgraded. They will undershoot the OECD and the IMF growth forecast as well. He tried to blame the eurozone, but the fact is that our recovery was choked off a year ago. Families watching this programme and struggling with their bills, businesses on the edge and young people losing their jobs will all think the Chancellor is completely out of touch. Why does he not understand that if we are to get the deficit down, the country needs a plan for growth and jobs, and it needs it now? How much longer will we have to put up with this prevarication before it is too late, and the Chancellor finally acts?