John Leech
Main Page: John Leech (Liberal Democrat - Manchester, Withington)Department Debates - View all John Leech's debates with the HM Treasury
(14 years, 5 months ago)
Commons ChamberThe revised unemployment figures were published by the OBR on the Wednesday morning. The figures were circulated in the normal way, as happens with the Office for National Statistics, the day before in the Treasury. That is when I saw the documentation that was published. The requirements for confidentiality that apply to ONS figures also apply to OBR figures.
T8. The Chancellor took the difficult decision to increase VAT to deal with the dire economic legacy of the previous Labour Government. Will the Minister commit to reviewing the increase in VAT once this coalition Government have dealt with the deficit and got the economy back on its feet?
I can tell my hon. Friend that he is right; this decision was necessary and unavoidable. The intention is to get the public finances under control over the course of this Parliament. We will debate what we do at the end of that process nearer the time, when we will work out what we will do with the proceeds of growth.