Brooks Newmark
Main Page: Brooks Newmark (Conservative - Braintree)Department Debates - View all Brooks Newmark's debates with the HM Treasury
(11 years, 5 months ago)
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Mr Brooks Newmark (Braintree) (Con)
Does my right hon. Friend share my concern that, notwithstanding the Alice in Wonderland economic world of the shadow Chancellor, a plan to borrow more will not actually bring borrowing down?
Mr Osborne
I completely agree that Labour’s plan to borrow more to borrow less is completely nonsensical. It really is extraordinary that a day after the Labour leader said that Labour had ruled out borrowing more, the shadow Chancellor committed the party to doing just that. It is a catastrophic position for his party to hold. Frankly, I do not think that the country will ever adopt it.