The Economy

Part of the debate – in the House of Commons at 12:59 pm on 24th October 2019.

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Photo of Sajid Javid Sajid Javid The Chancellor of the Exchequer 12:59 pm, 24th October 2019

I think what the hon. Gentleman wants to hear is the point I am going to make next, because I think he wants to be reminded that the whole economy was scarred by Labour’s great recession. It gave us the biggest banking crash, not just in British history, but in global history. [Interruption.] The shadow Minister, Anneliese Dodds, from a sedentary position, asks why; let me tell her why. The shadow Chancellor—[Interruption.] Let me explain. The shadow Chancellor referred to the work of Gordon Brown as though Gordon Brown did some good things. Gordon Brown was the Labour Chancellor that deregulated the banking and financial sector, and—[Interruption.]