Budget Resolutions and Economic Situation — Amendment of the Law

Part of the debate – in the House of Commons at 5:45 pm on 25th March 2013.

Alert me about debates like this

Photo of Alun Cairns Alun Cairns Conservative, Vale of Glamorgan 5:45 pm, 25th March 2013

In the limited time available to me, I intend to explain why I welcome the measures in the Budget, and also why I consider the views of Opposition Members to be highly inconsistent.

Given the lack of growth in our largest trading nations, it is easy to understand why the Chancellor was left with so little room for manoeuvre. After all, growth projections in Germany and the United States—just two examples—have been downgraded. We need to recognise the context of the present position: the scale of debt inherited in 2010, the major issues that confront the eurozone, the local impact of the high prices of commodities such as oil, gas and food and the inflationary pressures that that involves, and the lack of growth in other nations.