Business and Job Creation

Part of Oral Answers to Questions — Treasury – in the House of Commons at 11:30 am on 11th December 2012.

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Photo of Rachel Reeves Rachel Reeves Shadow Chief Secretary to the Treasury 11:30 am, 11th December 2012

I am not surprised that the Chancellor does not want to answer my question, because the OBR’s assessment is that his measures will add just 0.1% to UK gross domestic product by 2018. That must also be set against the fact that growth has been downgraded this year, next year and every year of this Parliament. Is it not the truth that the Chancellor has no plans for jobs and growth, and that that is why the Government are set to borrow an extra £212 billion during the course of this Parliament, breaking the fiscal rules that he gave to this country?