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Debate between George Osborne and Iain McKenzie
Tuesday 25th June 2013
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(11 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Iain McKenzie (Inverclyde) (Lab)
T3. Since the Chancellor’s last spending review the US economy has grown four times faster than the UK’s. Is this not further evidence of the Chancellor’s failed policies?
Mr George Osborne
The US fiscal consolidation is faster this year than the UK consolidation. The structural deficit in the UK has fallen by more than in the US. But look at the UK—we have created over a million new jobs in the private sector. That is one of the most impressive employment records anywhere in the world.