Economic Policy Debate

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Department: HM Treasury

Economic Policy

Dennis Skinner Excerpts
Monday 25th February 2013

(11 years, 9 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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My hon. Friend puts it very simply. It is a bit like the arsonist calling the fire brigade and then complaining that we have not put the fire out quickly enough.

Dennis Skinner Portrait Mr Dennis Skinner (Bolsover) (Lab)
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Does not the Chancellor realise that it has been three years of continuous failure: first, a recession, then a double-dip recession, and now the relegation of the pound sterling? If he had been a football manager he would have been out on his neck already. The people think that he is not fit to deliver the next Budget—why does he not get out?

George Osborne Portrait Mr Osborne
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There seems to be amnesia about Labour’s 13 years in office. The hon. Gentleman talks about a double-dip recession. The first recession was a 6% contraction in our economic activity while he was supporting a Labour Government, with a 12% budget deficit, a higher rate of unemployment and more youth unemployment than we have today. We are sorting out these problems. Of course it takes time, but, frankly, the prescription of the hon. Gentleman and other Labour Members would put us right back in the mess that they left this Government with.