Oral Answers to Questions

Claire Perry Excerpts

Wednesday 9th June 2010 Commons Chamber

[The Prime Minister]

That is a question that I am rather used to anticipating from those on the Conservative Benches. I think that even the most enthusiastic supporter of the European Union would recognise that the common fisheries policy has not been a success either in supporting our fishermen or in saving fish stocks. There are good lessons to be learned from other countries that have done better. I have to say though that that sometimes means some very drastic action in terms of closing some fishing areas altogether, but other countries have managed to do that and to regenerate their fishing stocks, so we will certainly take forward those negotiations on, I am sure, a coalition-wide basis.

[Claire Perry (Devizes) (Con)]

Does the Prime Minister agree that we have heard a lot about fairness from Labour Members today, but there is nothing fair about the legacy that the Labour Government have left us: the £75 billion of debt interest that we will have to pay, which we could have spent on public services in all the constituencies represented in the House, including my constituency of Devizes?

[The Prime Minister]

My hon. Friend makes an extremely good point, which is that, if we do not take action to deal with the deficit, we will pay over £70 billion, not repaying the debt, but just on debt interest in five years’ time. Think about it like this: all the revenue gleaned from corporation tax—all the tax on every company making a profit in our country—does not even pay for half the debt interest bill. That is the mess that we have been left in, but this Government have the courage to deal with it.