Douglas Carswell
Main Page: Douglas Carswell (Independent - Clacton)Department Debates - View all Douglas Carswell's debates with the HM Treasury
(13 years, 8 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
What we did on coming into office was set out a credible plan to reduce the budget deficit that has moved this country out of the financial danger zone. One month ago, the shadow Chancellor told his entire Front-Bench team not to make any spending commitments, and after that they committed to more than £10 billion of spending commitments. They have opposed £50 billion of the cuts. It is completely incredible, and that is why they cannot find any reputable organisation in the world to agree with them.
Mr Douglas Carswell (Clacton) (Con)
How high would inflation need to be before we halted further quantitative easing, stopped printing money and raised interest rates?
Mr Osborne
The Bank of England’s Monetary Policy Committee is of course independent. It is set a target by the Chancellor, and I expect the Bank to pursue that target.