(11 years, 9 months ago)
Commons ChamberIt is a pleasure to follow the hon. Member for Wolverhampton South West (Paul Uppal). He asked us about the debt to GDP percentage ratio. Looking at the 1996-97 financial year, after 10 years of a Labour Government we not only had a lower debt to GDP percentage ratio, but our deficit was lower.
I appreciate the hon. Gentleman’s response, but does he not accept that for the first half of that Labour Government they stuck to Conservative spending plans laid down by the previous Conservative Chancellor?
In the rare years since the end of the second world war when there has been a surplus, not a deficit, it is Labour Governments who have traditionally delivered that. That proves we are much better at the national finances, as well as at providing for the people of this country.