Northern Futures Project

Part of Oral Answers to Questions — Deputy Prime Minister – in the House of Commons at 11:30 am on 24th March 2015.

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Photo of Nick Clegg Nick Clegg The Deputy Prime Minister , Lord President of the Council (Privy Council Office), Leader of the Liberal Democrats, Leader of the Liberal Democrats 11:30 am, 24th March 2015

I know that the hon. Gentleman’s party is in perpetual denial about the economic mess it bequeathed this Government. The problem is that, because of mismanagement on Labour’s watch, the economy blew up, the banks, which it was sucking up to, held a gun to our heads, and 6% was wiped off the value of our national economy, which took £2,400 off every household in this country. That is what the Labour party did. We have had to pick up the pieces. Of course, given that local public spending represents about a quarter of the total, savings need to be made locally as well as nationally, but that is a direct consequence of Labour’s mismanagement of the national economy.