Autumn Statement Debate

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Department: HM Treasury
Wednesday 5th December 2012

(11 years, 11 months ago)

Commons Chamber
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Andrew Bridgen Portrait Andrew Bridgen (North West Leicestershire) (Con)
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Does my right hon. Friend agree that the Opposition’s plans for £200 billion of extra spending, extra borrowing and extra debt would damage this country’s economic credibility, and ultimately lead to interest rates rising for families and businesses in my constituency and across the whole country?

George Osborne Portrait Mr Osborne
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My hon. Friend is absolutely right. That is precisely what the Labour party offers: more borrowing, more debt, and a return to the mess it left this country in. People are not going to trust Labour with the public finances again, and they are particularly not going to trust the shadow Chancellor again.