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Clause 11 - Changes to child tax credit

Part of Welfare Reform and Work Bill – in a Public Bill Committee at 9:25 am on 13th October 2015.

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Photo of Damian Hinds Damian Hinds The Exchequer Secretary 9:25 am, 13th October 2015

The hon. Lady tempts me into a wider debate about the deficit, which would be interesting to get into, particularly with some of the news this morning about her own party’s interesting deliberations on how the deficit should be dealt with. I do not think that anybody denies that there was an international financial crisis in 2007-08, but it is also true—I doubt that many people will deny it, though she may be one who does—that it came on top of a structural budget deficit that was out of control because we had spent too much and borrowed too much, even in the good years.