John Baron
Main Page: John Baron (Conservative - Basildon and Billericay)Department Debates - View all John Baron's debates with the HM Treasury
(12 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
I suggest to the hon. Gentleman that a fairly stark difference between me and the right hon. Member for Kirkcaldy and Cowdenbeath (Mr Brown) is that I am trying to make the books add up, whereas he did not. We have all been paying the price for that ever since.
Mr John Baron (Basildon and Billericay) (Con)
I know that the Chancellor will ignore the pleas of the Labour party, given that it more than doubled the national debt when it was in power, but will he revisit the massive net increases in our contribution to the EU that will come through over the next seven years? They will amount to something like £20 billion, which would fund a 5p to 6p cut in small business corporation tax.
Mr Osborne
We have negotiated the first real freeze in the EU budget. Important negotiations are coming on the future financial perspective. I am absolutely clear, as are some other member states, that the EU has to live within its means as well.