Charter for Budget Responsibility

Part of Oral Answers to Questions — Health – in the House of Commons at 1:47 pm on 13th January 2015.

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Photo of Kenneth Clarke Kenneth Clarke Conservative, Rushcliffe 1:47 pm, 13th January 2015

Does the shadow Chancellor agree that all these fiscal forecasts are based on a forecast of spending reductions and growth in tax revenues and the economy? Does he agree that in 2010, no one on either side of the House, including him and including me, realised just how persistent the global problems were going to be and how grave the banking crisis was, and that therefore the growth that everyone—including him—expected to see was not achieved? The Government stuck to their spending plans, but could not achieve the growth forecast. Is the shadow Chancellor saying that in the middle of that grave crisis, when it was still persisting, a Labour Government would have cut our spending plans more dramatically in order to hit what he is now praising as our target?