Living Standards

Part of Opposition Day — [Un-Allotted Day] – in the House of Commons at 7:50 pm on 5th March 2012.

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Photo of Hugh Bayley Hugh Bayley NATO Parliamentary Assembly UK Delegation 7:50 pm, 5th March 2012

Does the Minister not recall that, at the time the coalition came to power, interest rates were extremely low and had been for a long time? Our policy at the time of the banking crisis did not therefore create high interest rates. Will he also remind us what the national debt was at the time of the election? I think that it was between £700 billion and £800 billion, whereas it is now more than £1 trillion for the first time in our history, and that is because of this Government’s poor economic growth.