Topical Questions

Part of Oral Answers to Questions — Business, Innovation and Skills – in the House of Commons at 11:30 am on 30th June 2015.

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Photo of Sajid Javid Sajid Javid The Secretary of State for Business, Innovation and Skills 11:30 am, 30th June 2015

One of the most important things for businesses, and for a vibrant economy, is making sure we continue to deal with the record budget deficit we inherited from the previous Labour Government. The hon. Gentleman knows that himself. He has been busy telling the press very recently:

“to be running a deficit in 2007, after 15 years of economic growth, was…a mistake.”

He understands the importance of this, and it means the Government have to make difficult decisions. He also said very recently to the Financial Times that

“We are starting from square one.”

I think he was talking about the economic credibility of the Labour party. I do not think that was an accurate statement; I think he was—