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Budget Resolutions - Amendment of the Law

Part of the debate – in the House of Commons at 3:14 pm on 14th March 2017.

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Photo of Ian Blackford Ian Blackford Shadow SNP Spokesperson (Pensions) 3:14 pm, 14th March 2017

I learned a lot from my hon. Friend because about 35 years ago he was my economics lecturer.

We have delegated responsibility to the Bank of England through the quantitative easing programme, and that has led to a lack of balance. We have seen £435 billion of QE that simply has not worked, but we have not seen enough fiscal responsibility from the Government to create the circumstances that will deliver sustainable growth.