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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

I am grateful to my hon. Friend for what he has said. The British economy has been through difficult times, not least because we are recovering from a massive boom and bust, a massive banking bust and the deepest recession since the 1930s, but if we look at what is happening in terms of employment and new business creation, we see an economy that is rebalancing, and we need to encourage that rebalancing and that business growth.