Bank of England and Financial Services Bill [Lords]

Part of the debate – in the House of Commons at 4:39 pm on 1st February 2016.

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Photo of Mark Garnier Mark Garnier Conservative, Wyre Forest 4:39 pm, 1st February 2016

The hon. Gentleman is being generous with his time. I am sorry to be a pedant, but in 2005 there was a £43 billion budget deficit. There was a deficit long before the banking crisis, and there was a structural deficit that the banking crisis brought out.