[Un-allotted Half Day] — Future Government Spending

Part of Opposition Day – in the House of Commons at 3:04 pm on 4th March 2015.

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Photo of Chris Leslie Chris Leslie Shadow Chief Secretary to the Treasury 3:04 pm, 4th March 2015

If we had a Government who understood that a connection exists between living standards, the health of our economy and the health of our public finances, perhaps we could make some progress on deficit reduction and tackle some of those issues. Instead, recent figures show that the gap between what the Government spend and their income is perpetuating at a very high level. I think it came down from £80 billion in the first nine months of last year to £74 billion in the first nine months of this year. The deficit reduction strategy is a thing of the past for this Government, because they do not realise how stagnant wages have pulled the rug from underneath it.