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 George Osborne George Osborne Chancellor of the Exchequer and First Secretary of State 12:45 pm, 4th June 2015

As the Prime Minister made very clear yesterday, we will follow the principles that we followed in the previous Parliament, when we protected the most vulnerable in our society and actually increased the amount we were able to give to the most disabled in our country. In every single intervention about economic policy today, in the different debates we have had since the Queen’s Speech, and at Prime Minister’s questions, Labour Members have demanded more public spending, complained about a public expenditure cut, or implied that there should be higher welfare bills. That is what we have heard about over the past few days—more spending and higher welfare bills that can be paid for only by more borrowing and higher taxes on the working people of this country. That would undermine the security that we have restored to our economy.