[10th alloted day] — The Economy

Part of Opposition Day – in the House of Commons at 12:49 pm on 26th November 2014.

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Photo of Nick de Bois Nick de Bois Conservative, Enfield North 12:49 pm, 26th November 2014

How can the hon. Gentleman credibly expect the public to buy into Labour’s ability to balance the books? Every year, from 2001 onwards, the Labour Government spent far more than they took in, which is why they were left with one of the biggest deficits in the G7. You cannot spend more than you take in: that is the root cause of the problem, but Labour Members do not get it.