Finance Bill Debate

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Department: HM Treasury
Tuesday 3rd July 2012

(12 years, 5 months ago)

Commons Chamber
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Bill Esterson Portrait Bill Esterson
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I thank my hon. Friend for her comments —[Interruption.] If the right hon. Member for New Forest West (Mr Swayne) would like to make an intervention, I will happily take it.

My hon. Friend is absolutely right that we are seeing a repeat of what happened in the ’30s, and we have none of the policies necessary to get us out of this situation.

Geoffrey Clifton-Brown Portrait Geoffrey Clifton-Brown (The Cotswolds) (Con)
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Will the hon. Gentleman give way?

Bill Esterson Portrait Bill Esterson
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No, I am not going to take any more interventions; the hon. Gentleman can sit down.

We should be seeing the investment from the bank bonus tax and a temporary cut in VAT. The Bill—[Interruption.]