Ian C. Lucas
Main Page: Ian C. Lucas (Labour - Wrexham)Department Debates - View all Ian C. Lucas's debates with the HM Treasury
(11 years ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Gauke
My hon. Friend is absolutely right. It is irresponsible to future generations if we do not take action to reduce the deficit. The approach we had from the party—[Interruption.] The shadow Chancellor has just said that the deficit is going up. He has been saying that all along, and I am afraid he is just plain wrong.
Ian Lucas (Wrexham) (Lab)
In 2010, the Chancellor of the Exchequer told us that the deficit would be gone by 2015. Why should we believe him this time?
Mr Gauke
This is coming from the party that has opposed every single measure we have taken to reduce the deficit. If we had taken the approach that the Labour party advocated, we would have borrowed a further £200 billion. That is not responsible or fair on future generations; that would put our economy at risk.