David Burrowes
Main Page: David Burrowes (Conservative - Enfield, Southgate)Department Debates - View all David Burrowes's debates with the Cabinet Office
(12 years, 5 months ago)
Commons ChamberWhat it feels like at the G20 is that you are around a table with people from other countries that have large budget deficits but not as large as the ones that we were left. We were left with an 11% budget deficit and with the biggest banking bust that had taken place anywhere. So I would say that there is considerable sympathy for that around the table, and a lot of people around the table talk about the complete mess we were left in.
The German Foreign Minister recently wrote in The Times:
“Anyone who wants new flash-in-the-pan stimulus packages financed by yet more borrowing has learnt absolutely nothing from the crisis.”
Who was he talking about?
I cannot possibly think, but I can think of some people sitting opposite me who do believe that the way to get out of a debt crisis is to borrow more—that is their policy.