Economic Policy Debate

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Department: HM Treasury

Economic Policy

Helen Goodman Excerpts
Monday 25th February 2013

(11 years, 3 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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I think they will be talking about the new jobs being created at Skew Bridge and those being created across our economy as the private sector grows. I was in the west midlands on Friday, where I think there has been a 67,000 increase in jobs in the private sector over the past year. That is worth remembering, because the number of jobs in the private sector in the west midlands during the boom years before the financial crisis actually shrank under the previous Labour Government.

Helen Goodman Portrait Helen Goodman (Bishop Auckland) (Lab)
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The Chancellor began by saying that the gilts market had been flat today, but in fact it is down across the board. Will he share with the House his changed forecast for inflation following the fall in the pound and for the cost of borrowing to the Government?

George Osborne Portrait Mr Osborne
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Unless something happened while the shadow Chancellor was on his feet, the gilts market was flat on the day.