Tax Credits (Working Families)

Debate between Baroness Brown of Silvertown and David Gauke

Tuesday 7th July 2015 Commons Chamber

[Mr Gauke]

The hon. Lady quotes the IMF, but this is the same IMF that has praised this Government’s record in turning round the economy. The head of the IMF said that she shuddered to think what would have happened had we not got to grips with the deficit. The reality is that if we want to help every part of society, which is what this Government want to do, we need to make sure that we have a strong economy, and that is what this Government are delivering.

[Lyn Brown]

The Minister says that a strong economy is what this Government are delivering, but the International Labour Organisation has said that between 2010 and 2013 the UK had the biggest drop in real wages of all countries in the G20. How does he square that?

[Mr Gauke]

In 2014, the UK was the fastest-growing economy in the G7 and it looks likely that that will also be the case in 2015. [Interruption.] The hon. Lady talks about wages, but they are up 2.7% in the last year. As I said, living standards have risen by 3.9% on the year, despite the fact that we are still living with the consequences of the deepest crash and the biggest deficit, which we inherited from the Labour party.