Oral Answers to Questions

Debate between Mark Garnier and George Osborne

Tuesday 1st March 2016 Commons Chamber

[Mr Osborne]

Many employer organisations and businesses have welcomed the national living wage, and many studies suggest that having a higher floor for wages drives up productivity, which, as the hon. Lady will know, is one of Britain’s great economic challenges.

[Mark Garnier (Wyre Forest) (Con)]

4. What progress has been made on implementing the charter for budget responsibility.

The Economy

Debate between Mark Garnier and George Osborne

Thursday 4th June 2015 Commons Chamber

[Mr Osborne]

I think I have dealt with the hon. Gentleman’s point.

[Mark Garnier]

The subject of debt is incredibly important, but debt is not just national; there is household debt as well. Does the Chancellor agree that the £1 trillion rise in household debt between 1997 and 2008, taking it up to £1.47 trillion, was one of the most pernicious acts of the Labour Government? It damaged households immeasurably and is the biggest crisis that we have to deal with.

[Mr Osborne]

My hon. Friend is absolutely right. There was no institution looking at overall debt levels in our country.