Results 121–140 of 6256 for (in the 'Commons debates' OR in the 'Westminster Hall debates' OR in the 'Lords debates' OR in the 'Northern Ireland Assembly debates') speaker:Lord Darling of Roulanish

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I am grateful to the hon. Gentleman for accepting what is obvious: the fact that during a recession Governments do have to borrow in order to support their economies. However, I should remind him that during the earlier part of the previous decade the Conservative party supported our spending programmes, saying that they would stick to our spending levels. The Prime Minister, when he was...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I agree with my hon. Friend. The new Government will find that for every industrialist or manufacturer who says that public spending needs to be cut, in areas that benefit from such spending people take a rather different view. The car scrappage scheme is an example of that, and it made a huge difference to the car industry and the motor vehicle industry in general. As the hon. Member for...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: What economists call the "automatic stabilisers" are still operating and are still supporting the economy. I have always been clear about this, and I believe that the deficit has to be reduced. One of the reasons why I wanted to halve it within a four-year period was that I wanted to get it down in a way that did not damage the economic or, indeed, the social fabric of the country while that...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: Before I leave this point I should say something further because a number of hon. Members mentioned our spending in the earlier part of our Government. It is not just about what we did during the recession; it is about the fact that over the relevant 10-year period, there was an unprecedented decade of growth such as this country had not seen before, as well as low interest rates, low...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: My right hon. Friend is right. No doubt there will be another occasion to revisit the lend-lease arrangements that the then Government entered into in the 1940s, although I commend to the House Lord Robert Skidelsky's excellent third volume on Keynes, which deals with this matter quite extensively. Some people thought that we got a pretty bad deal in 1943, but there you are.

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I shall give way to the hon. Gentleman who I think used to advise the Chancellor at one point.

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: No, I do not think that was the main problem. The system of regulation that we introduced in 1998 brought together about eight or nine different regulators-self-regulators, as the Conservative party used to be very keen on self-regulation. The problem in relation to the Financial Services Authority, the American regulators and most other regulators was that they simply did not understand the...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I shall give way to the hon. Lady. It might be a mistake, but I will.

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I am glad that I gave way to the hon. Lady for at least the first part of her intervention. I do not agree with her on the second part, but I should like to address that point now. It is true that our borrowing has risen very substantially-

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I shall not give way. I want to make some progress, because I know that many hon. Members want to make their maiden speeches, and I do not want to be blamed for not allowing them to do so. I might give way before I finish, but not just now. As I was saying, borrowing has clearly increased, but that has to be put into perspective. Our deficit for this year is broadly similar to that of the US....

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: That is indeed right, and many people in the construction industry say that an already difficult situation would have become much worse if we had not done what we did in 2008-09. Not many Conservatives or Liberals-we must include the two together-now stand up and say, "Actually, in retrospect, we shouldn't have been supporting the construction industry." I rather get the impression that they...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I will give way, for the last time, to the hon. Lady, whom I last met in a BBC studio. I got the distinct impression that she did not like Scottish accents, so I cannot resist.

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I agree with that. If the hon. Lady is worried about spending cuts, she is going to have an interesting time over the next few months. I look forward to the exchanges that she has at future Question Times. As I draw to a close-

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: No, I am not going to give way. I want to draw attention to one of the biggest problems that I see in the future. I know that Governments in countries right across the world have to get their borrowing down and reduce their deficits. However, I am particularly worried that, if we do not have some countervailing pressure to support growth and measures to get growth in our economy, we run the...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I knew that if I mentioned Europe this would happen, as sure as night follows day.

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: When comparing the judgments that we make about what is necessary fiscally, I do not think that bringing on to the main balance sheet PFI, Network Rail and everything else particularly helps. However, if that is the course of action that he has managed to persuade the Chancellor to take, we will look with great interest at the Budget in a couple of weeks. I just do not think that it is a...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: For sheer endeavour, I will give way to the hon. Gentleman.

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I think that the word "savage" was used by the Deputy Prime Minister, of whom the hon. Gentleman now finds himself a great admirer. It was not a word that I used. It is important in the task that confronts the whole country and the Government that we do not get ourselves into a situation of almost competitive austerity, in which Governments and countries become blind to the need to secure...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: No, I will not. If we are to maintain jobs and ensure that borrowing does indeed come down, we need to have growth. Policies to achieve that are notable by their absence both in this country and the rest of continental Europe. It is no use Government Members citing what happened in Canada and Sweden. Yes, Canada reduced its structural deficit, but it did so at a time when its next door...

Point of Order (8 Jun 2010)

Alistair Darling: On a point of order, Mr Speaker. Yesterday, the Prime Minister said that the coming spending review was going to change our whole way of life and that today the Chancellor and Chief Secretary would publish a framework for this year's spending review. I am not seeking to reopen your decision in relation to my request for an urgent question, and I would normally have expected a statement in the...


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