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Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 11:30 am on 27th January 2016.

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Photo of David Cameron David Cameron The Prime Minister, Leader of the Conservative Party 11:30 am, 27th January 2016

My right hon. Friend the Chancellor, and the economic strategy the Government have pursued, has cut the deficit in half from the record level we inherited. Soon it will be down by two-thirds. We are meeting what we want to see in terms of debt falling as a share of our GDP. What a contrast with the situation Scotland would be facing if it had voted for independence. In just six weeks, we have seen a 94% collapse in oil revenues. Because we have the broad shoulders of the United Kingdom, the collapse in the oil price and taxation will not affect people in Scotland. Had Scotland been independent, it would be a very, very dark day indeed.