Living Standards

Part of Opposition Day — [Un-allotted Day] – in the House of Commons at 5:03 pm on 30th November 2011.

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Photo of Andrew Jones Andrew Jones Conservative, Harrogate and Knaresborough 5:03 pm, 30th November 2011

When the Labour party left government, it left huge debts, and the cost of paying just the interest is running at about £44 billion a year. That works out at about £1,800 per household in taxation—just to pay the interest on Labour’s debts. Does my hon. Friend agree that that is having a huge impact on the spending power of families and is one reason why they feel under real pressure?