The Economy Debate

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Department: HM Treasury

The Economy

Bob Stewart Excerpts
Wednesday 22nd June 2011

(13 years, 5 months ago)

Commons Chamber
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Chris Evans Portrait Chris Evans
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I thank my hon. Friend. After the debacle of the intervention by the hon. Member for Vale of Glamorgan (Alun Cairns), she proves that we have some sensible voices in Wales.

Let me comment on the blasé attitude that these policies are going to work. That is what Government Members say, but what if they do not? I suspect the Chancellor would say, “Not my fault, guv. It was the snow.” It could be hailstones next time or perhaps it will even be too sunny. I imagine that his plan B is quantitative easing. It is all very well printing money, but the key to it is spending. We have to prove to people—[Interruption.] I mean consumer spending—we will speak about the other issue tomorrow. We need to give people the confidence to spend in our shops and ensure that people are in jobs.

Bob Stewart Portrait Bob Stewart (Beckenham) (Con)
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This is not particularly my field, but when the hon. Gentleman says that the key to it is spending, I have to ask “With what?”, as there is nothing left.

Chris Evans Portrait Chris Evans
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That is just a PR question. As I say, consumer spending is about giving people the confidence to spend their wages in the high streets so that shops can thrive. That is what it is about: consumer confidence is down. I support the motion. Let us cut VAT and bring a bit of confidence to the high street. Let us get Britain back on track.