Spending Review

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 1:22 pm on 26th June 2013.

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Photo of George Osborne George Osborne The Chancellor of the Exchequer 1:22 pm, 26th June 2013

We have drawn on the best economic evidence that the recovery from a banking crisis of the severity that we went through is long and protracted, but we have to de-lever as an economy and try to fix our banking system. That is what I set out at the Mansion House. We also have to have a credible fiscal policy in order to allow monetary policy to be loose. I think that is the best economic approach.