amendment of the Law

Part of Budget Resolutions and Economic Situation – in the House of Commons at 1:25 pm on 21st March 2013.

Alert me about debates like this

Photo of Tobias Ellwood Tobias Ellwood Conservative, Bournemouth East 1:25 pm, 21st March 2013

It is a pleasure to participate in this important debate.

Labour has had its moment to spell out what it would do. We heard a lot of noise yesterday, and we have heard a lot today. What we thought was Keynesian economics was actually Hayek’s economic policy, because Labour is saying “Let’s do absolutely nothing.” It is welcome news that in the coalition’s fourth Budget, following the biggest financial crisis in our history, the deficit has been reduced by one third, employment is at record levels and private sector jobs are finally replacing those in the public sector by a ratio of 6:1. It is a difficult climate out there.