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 David Gauke David Gauke The Exchequer Secretary 7:50 pm, 5th March 2012

There is so much wrong with that that I do not know where to start. Perhaps I will begin by pointing out that, at the last general election, our interest rates were at more or less the same level as those of Italy and Spain, yet there is now an enormous difference between us. I am afraid that the hon. Gentleman is wrong.