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 George Osborne George Osborne The Chancellor of the Exchequer 2:30 pm, 1st November 2011

We inherited the highest—[ Interruption. ] The Opposition do not want to hear this. We inherited the highest budget deficit in Britain’s peacetime history. That budget deficit is now coming down, and that has contributed to financial stability in this country, in marked contrast with what we see on our television screens around Europe.