Economic Policies

Part of Oral Answers to Questions — Wales – in the House of Commons at 11:30 am on 9th October 2013.

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Photo of Peter Hain Peter Hain Labour, Neath 11:30 am, 9th October 2013

I put it to the Secretary of State that all economies recover from all recessions at some point, but that our recovery has come three years after those of Germany and the United States because his Government’s savage cuts turned Labour’s growth and recovery from the banking crisis in 2010 into three years of austerity. The current recovery is made in the south-east for the south-east. In Wales, there is no housing bubble, long-term unemployment is dire, as is under-employment, and personal debt is high. We need investment in Wales. His Government should be supporting the Labour Welsh Government, not hindering them with budget cuts the whole time.