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Part of the debate – in the House of Commons at 3:43 pm on 23 April 2012.

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Photo of George Osborne George Osborne The Chancellor of the Exchequer 3:43, 23 April 2012

I thank my hon. Friend for his support. He is absolutely right, and while I was sitting in the IMF meeting on Friday and on Saturday morning, my mind wandered to thinking about what would have happened if I had turned up and said that we were abandoning our fiscal consolidation plan. I came to the conclusion that we would have been the subject of the meeting’s discussion rather than the problems in the eurozone.