Gordon Birtwistle
Main Page: Gordon Birtwistle (Liberal Democrat - Burnley)Department Debates - View all Gordon Birtwistle's debates with the Cabinet Office
(13 years, 5 months ago)
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Gordon Birtwistle (Burnley) (LD)
Does the Prime Minister agree that if the coalition Government had not adopted the economic policy that they did, but listened to the advice of the shadow Chancellor instead, mortgage interest rates could be 5% higher than they are now?
The Prime Minister
My hon. Friend makes a very important point, which is that in this country today, tragically, we still have Greek levels of Government debt but German levels of interest rates. That is an enormous monetary boost to our economy, and we should all welcome the cut in unemployment today. If we had not taken action on the deficit and proved to the markets that we had a way of paying back the debt and the deficit, we would be straight back in the mess that that lot left us in.