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Budget Resolutions and Economic Situation — Amendment of the Law

Part of the debate – in the House of Commons at 12:57 pm on 22nd March 2016.

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Photo of George Osborne George Osborne Chancellor of the Exchequer and First Secretary of State 12:57 pm, 22nd March 2016

I am glad that the right hon. Lady intervened, because I have done a little research and, frankly, I wish that when she was the Chief Secretary to the Treasury we had seen a few more revenue raisers in Budgets, such as savings in welfare and savings in public expenditure. During the period in which she was the Chief Secretary, the deficit went from £76 billion a year to £154 billion a year. The measures that my right hon. Friend and I have been taking over the last six years are to clear up the mess that she and her colleagues in government left.

Several hon. Members rose