G20 Summit Debate

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Department: Cabinet Office

G20 Summit

David Burrowes Excerpts
Monday 25th June 2012

(12 years, 6 months ago)

Commons Chamber
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Lord Cameron of Chipping Norton Portrait The Prime Minister
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What 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.

David Burrowes Portrait Mr David Burrowes (Enfield, Southgate) (Con)
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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?

Lord Cameron of Chipping Norton Portrait The Prime Minister
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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.