Heidi Alexander
Main Page: Heidi Alexander (Labour - Lewisham East)Department Debates - View all Heidi Alexander's debates with the HM Treasury
(10 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
I know my hon. Friend has been assiduous in campaigning on behalf of her constituents for us to help with business rates for people running shops on the high street. I believe that she has raised the issue at the last two Prime Minister’s Questions, showing what a champion she is of her local constituency. She can take part of the credit for the measures we have taken today to help the high street.
Heidi Alexander (Lewisham East) (Lab)
We have heard a great deal from Government Members about the economy today, but some might say that it is a huge amount of bluster and bravado that will not square with the reality of life for millions of people up and down the country. Will the Chancellor simply confirm that the economy is now 2.5% smaller than it was before the crisis?
Mr Osborne
The economy is smaller because it fell 7%. That is why. It fell in the years 2008 and 2009 when the Labour party was in charge.