Spending Review Debate

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Department: HM Treasury

Spending Review

Brooks Newmark Excerpts
Wednesday 26th June 2013

(11 years, 5 months ago)

Commons Chamber
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Brooks Newmark Portrait Mr Brooks Newmark (Braintree) (Con)
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Most of my constituents care about two things: whether they have a job, and what level of interest they pay on the mortgage or their business. More than 1.3 million new jobs have been created in the private sector, over a quarter of a million new businesses have been created and we have record low interest on mortgages and on businesses. Does my right hon. Friend feel, like me, that that would be jeopardised if we followed the shadow Chancellor’s borrowing plans?

George Osborne Portrait Mr Osborne
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I fear that it would be jeopardised and this country would be back in intensive care. It is remarkable that the shadow Chancellor did not have the courage at that Dispatch Box to say that Labour would borrow more. Labour did say that for three years and now it has completely gone silent.