(13 years ago)
Commons ChamberBut would that extra borrowing not put at risk our interest rates? I do not know whether the hon. Lady is aware, but today the interest rates on UK gilts are lower than those on German bunds. I do not know when that last happened. The risk is that if we borrow more, interest rates will be higher, which will have vastly more negative effects on our economy than the current spending squeeze—
Order. I do not want this turned into a general economics debate. I ask the hon. Lady to focus on the Bill.
May I finish first, Mr Deputy Speaker? That would delay tax freedom day.
(13 years, 6 months ago)
Commons ChamberOrder. An hon. Member has been accused of misleading the House. I assume that the hon. Lady meant unintentionally misleading it. She should withdraw that comment.