Economic Growth and Employment

Debate between John Hayes and Gordon Banks

Wednesday 23rd November 2011 Commons Chamber

[Mr Hayes]

I am sorry, I will not give way. I usually do but I do not have time.

The OECD says that we have a £37 billion structural deficit and that it is the largest in the G7. It is not just about the Government debt. The hon. Member for Streatham must know that if we look at debt as a whole, we have the largest debt as a proportion of GDP in the developed world, with the exception of Japan.

[Gordon Banks]

rose—