Living Standards

Part of Opposition Day — [Un-allotted Day] – in the House of Commons at 2:52 pm on 30th November 2011.

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Photo of Liam Byrne Liam Byrne Shadow Secretary of State for Work and Pensions 2:52 pm, 30th November 2011

Perhaps the hon. Lady’s memory of history is suddenly faltering, because she should surely remember that in the Chancellor’s emergency Budget, borrowing turned out to be £20 billion less than my right hon. Friend the Member for Edinburgh South West projected when he was Chancellor. Unlike his, the Conservatives’ borrowing forecasts have come in £158 billion higher than originally projected. That means thousands of pounds more for every household in this country—and of course, the price of the consequences is being paid by the hon. Lady’s constituents. More than 7,000 families in her constituency are now seeing their tax credits cut to pay the higher bills of higher unemployment.