Jacob Rees-Mogg
Main Page: Jacob Rees-Mogg (Conservative - North East Somerset)Department Debates - View all Jacob Rees-Mogg's debates with the Cabinet Office
(11 years, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Edward Miliband
It is all very well having a Whips’ question, but the Government are borrowing £245 billion more. Three years, no growth, a flatlining economy—that is the record of this Chancellor.
Jacob Rees-Mogg (North East Somerset) (Con)
I am extremely grateful to the right hon. Gentleman for giving way. He said we have borrowed more, but will he answer in the House the question he would not answer on Radio 4—how much more will he borrow?
Edward Miliband
This Government are borrowing more. Of course a temporary cut in VAT has a cost and would lead to a temporary rise in borrowing—[Interruption.] Let me say this: that would get growth moving in this country and would be much more likely to get the deficit down. That is the difference. The International Monetary Fund is in town, and what is it telling the Chancellor? It is saying, “Change course. Your plan is not working.” That is the reality.
I am glad that the hon. Member for North East Somerset (Jacob Rees-Mogg) intervened because I will come to his point later in my speech. He advocates not just a pact with UKIP but a coalition—Deputy Prime Minister Farage in place of the Liberal Democrat leader.