Ways and Means — Budget Resolutions and Economic Situation — Amendment of the Law

Part of Bill Presented — National Insurance Contributions (Rate Ceilings) Bill – in the House of Commons at 2:06 pm on 14th July 2015.

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Photo of Geraint Davies Geraint Davies Parliamentary Assembly of the Council of Europe (Substitute Member) 2:06 pm, 14th July 2015

Does my hon. Friend agree that in the 10 years up to the 2008 banking crisis the economy grew by 40% under Labour, which is how we afforded to double spending on the health service, and that since 2010—when, incidentally, the economy was growing under Labour—the share of the economy that is debt has risen from 55% to 80% because of the Conservatives’ failure to grow the economy and their focus on cuts instead of growth to get the deficit down?