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Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 11:30 am on 27th February 2013.

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Photo of David Cameron David Cameron The Prime Minister, Leader of the Conservative Party 11:30 am, 27th February 2013

If there is a problem of excessive borrowing, why is it the right hon. Gentleman’s policy to borrow more? That is the question that he simply has to answer. If he wants to listen to the credit rating agency, I will tell him that Moody’s said:

“Moody’s could also downgrade the UK’s government debt rating further in the event of…reduced political commitment to fiscal consolidation.”

On this side of the House, we know that that is the vital work we have to do. Will he finally now admit that he is in favour of more borrowing? Admit it!