(7 years, 4 months ago)
Commons ChamberAbsolutely. I think we will see increasing problems with that, and I shall come on to that later.
During the election campaign, the UK Government seemed unclear about the causes of poverty, so let me enlighten them: poverty is caused by people not having enough money.
If the hon. Lady is against consumer debt, which we all agree we are worried about, why is she so comfortable with public sector debt?
They are totally different things, and I am surprised that I have even been asked that question. The level of consumer debt is a massive problem for the economy, because people are going to be hit when this bubble bursts—that is what we saw happen in 2008.