The Economy

Part of Business of the House – in the House of Commons at 12:45 pm on 4th June 2015.

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Photo of Mark Garnier Mark Garnier Conservative, Wyre Forest 12:45 pm, 4th June 2015

The subject of debt is incredibly important, but debt is not just national; there is household debt as well. Does the Chancellor agree that the £1 trillion rise in household debt between 1997 and 2008, taking it up to £1.47 trillion, was one of the most pernicious acts of the Labour Government? It damaged households immeasurably and is the biggest crisis that we have to deal with.