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I am not arguing for one moment that the rating agency does not matter—that is the right hon. Gentleman’s argument. His argument is that the rating agency does not matter and that the answer to debt is to borrow more and not to take any responsibility for the mess they left. It is this Government who have cut the deficit by a quarter, who have a million extra private sector jobs and who have low interest rates that are vital for the future of the economy. Economies that maintain their triple A rating are those of countries such as Canada and Germany that fixed the roof when the sun was shining. Let me ask him again: why does he not admit that his answer to extra borrowing is to borrow more? Have another go: admit it!