Public Finances

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

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Photo of Lord Forsyth of Drumlean Lord Forsyth of Drumlean Conservative 3:13, 28 June 2005

My Lords, when will the Government produce honest borrowing figures? The Minister chose to make a comparison with the previous Conservative government. When will we see the end of the Enron-style accounting, where huge sums of borrowing are presented off balance sheet? I am thinking, for example, of the PFI borrowings and of the borrowings which have been made to British Rail, as it was. These sums do no appear. Therefore, if the Minister wishes to make an honest comparison with the previous government, will he produce the figures which people want in order to know the extent to which they have put this generation in hock as a result of borrowings which are off balance sheet?

Minister

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