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Part of the debate – in the House of Lords at 3:13 pm on 28 June 2005.

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Photo of Lord Sheldon Lord Sheldon Labour 3:13, 28 June 2005

My Lords, the March figures were particularly good, so there is a bit of a downturn in the June figures. However, we should we not take a more relaxed view of this? We do not need to look at them month by month because it is the long term that really counts. The confidence we have in the way that the economy of this country is being run should be the main test. That, I think, is good enough.