Topical Questions

Part of Oral Answers to Questions — Treasury – in the House of Commons at 11:30 am on 28th January 2014.

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Photo of George Osborne George Osborne The Chancellor of the Exchequer 11:30 am, 28th January 2014

The economy has grown by 2.8 % over the past four quarters, which is the point. First, when the shadow Chancellor was in office, he predicted that there would be no more boom and bust—we had the biggest boom and the biggest bust—and secondly, he predicted that there would be no recovery unless we borrowed and spent our way into economic risk, which has turned out to be untrue. I do not know why anybody in the Labour party still listens to his predictions at all.