Finance (No. 2) Bill

Part of Bill Presented – in the House of Commons at 4:35 pm on 1st April 2014.

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Photo of Kevan Jones Kevan Jones Shadow Minister (Defence) 4:35 pm, 1st April 2014

I am sorry, but the hon. Gentleman must look at history. The previous Conservative Government ran a budget deficit for about 16 of their 18 years in office. In 1997 the deficit was nearly 8%. He has to look at the facts. The previous Tory Government ran a deficit even in good times.