Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Barry Gardiner Excerpts
Tuesday 12th October 2010

(14 years, 1 month ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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I have seen at BAe Warton in my hon. Friend’s constituency a very good example of high-skilled manufacturing. Everything the Government do is designed to support a private sector recovery and to rebalance our economy, so that not all the growth that takes place does so in only one corner of the country.

Barry Gardiner Portrait Barry Gardiner (Brent North) (Lab)
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After the row at the International Monetary Fund summit at the weekend, has the Chancellor concluded that the renminbi is undervalued, or that the US is under-focused on consumption-led domestic growth?

George Osborne Portrait Mr Osborne
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I have concluded that it is very sensible for the serving Chancellor of the Exchequer of the day not to comment on the value of currencies.