Lord Cryer
Main Page: Lord Cryer (Labour - Life peer)Department Debates - View all Lord Cryer's debates with the HM Treasury
(13 years, 9 months ago)
Commons ChamberClearly, we as a Government are having to clear up the enormous mess that the previous Government left. That is why we have had to embark on some very difficult decisions on public spending and, indeed, taxation, but it is just worth listening to the OECD, which states that
“the UK was unique in its need for fiscal consolidation, because the deficit had gone completely out of control.
On the basis of what the Chief Secretary has just said, why did the current Chancellor promise in 2008 to match Labour’s spending plans?
Our country’s key problem—the hon. Gentleman should accept it, not deny it like his Front Benchers—is that we have an enormous budget deficit, which was caused by the previous Government’s failures. We have to clean up that mess if our country is going to get back to prosperity, and, until the Opposition accept that very simple fact, they will have no answers at all.