Government Spending
Debate between Lord Sewel and Lord De Mauley
Wednesday 26th May 2010
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(14 years, 6 months ago)
Lords ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord De Mauley
My Lords, my noble friend Lord Bates is quite correct. I have said that the Government believe that the effect of not making cuts, feeding through into higher interest rates, would be vastly worse for small businesses and for unemployment than the effect of making those cuts.
Lord Sewel
My Lords, will the Minister finally give an answer to the question on the assessment of the effect on unemployment of the cuts that the Treasury has made? Will he simply give those numbers?
Lord De Mauley
My Lords, I can only refer the noble Lord back to my earlier answer that the effect would be worse if we did not make these cuts than if we do.