Eurozone Crisis

Andrew Selous Excerpts

Thursday 27th October 2011 Commons Chamber

[Andrew Selous (South West Bedfordshire) (Con)]

Can the Chancellor tell us how on earth it can be the case that, although it has a larger deficit than Greece, the United Kingdom enjoys German levels of interest rates?

[Mr Osborne]

That is because this Government, in the teeth of opposition from the Labour party—which created this mess—have established fiscal credibility, brought our interest rates down, and ensured that while we may talk about the bail-out of some European countries, we are not talking about the bail-out of Britain.