Economic Growth and Employment

Part of Opposition Day — [Un-allotted Day] – in the House of Commons at 2:18 pm on 23 November 2011.

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Photo of Vincent Cable Vincent Cable The Secretary of State for Business, Innovation and Skills 2:18, 23 November 2011

I can give a bit of substance in answer to that. The National Institute of Economic and Social Research, which has been critical of the Government in some respects, has done its own simulation. On the use of fiscal policy to support growth, which I think is what the Opposition plan B is all about, it says that in order to stimulate growth from 1% to 2% we would need to have a Government borrowing account of about 12% of GDP. Is that actually what the Opposition are proposing because that is what their plan B—fiscal stimulus—means?