Budget Resolutions and Economic Situation — Amendment of the Law

Part of Ways and Means – in the House of Commons at 2:30 pm on 18 March 2015.

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Photo of John Redwood John Redwood Conservative, Wokingham 2:30, 18 March 2015

Is it not the case that the most significant change after 2008 was the plan, which Labour backed and which the coalition continued with for its first two years, of taking the RBS balance sheet down from £2.2 trillion to £1.5 trillion? Was that not what provided the mighty shock to the British economy? It was something that Labour wanted to do.