The Economy Debate

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Department: HM Treasury

Geraint Davies

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The Economy

Geraint Davies Excerpts

Business of the House
Thursday 24th October 2019

(4 years, 11 months ago)

Commons Chamber
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Sound public finances are the foundation of economic prosperity and strong public services, and we have come a long way since 2010. We inherited a deficit of 10% of GDP. At that time, that was the biggest Budget deficit of any advanced economy. It was equivalent to borrowing £5,000 every single second.

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