Part of the debate – in the House of Lords at 3:31 pm on 28 February 2002.
My Lords, I resist the suggestion that the Chancellor behaved in any way improperly or discourteously towards the House of Commons. He went out of his way to ensure that he was able to unveil the White Paper personally to the House of Commons. He agreed to the Speaker's request that he should defer answering the first Question until the end of Treasury Questions in order that there should be sufficient time for him to make a Statement on the White Paper and for there to be debate on it. Of course, the White Paper has been available in the Printed Paper Office and the Vote Office since 11.30 a.m. today.
I also resist the suggestion that there is any way in which this country is in conflict with the stability and growth pact. We are in conformity not only with our own fiscal rules but also well within the criteria of the stability and growth pact. When the noble Lord, Lord Saatchi, refers to zero growth, he is referring to this morning's headlines, which relate only to the fourth quarter of last year. Growth in the whole of last year was of course within the margins which we set for ourselves and which we expected both in the Budget last year and in the Pre-Budget Report. As the noble Lord knows, this country has been outstandingly successful in resisting the dangers of volatility in global economies.