Lord Davies of Oldham
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Public Sector: Debt
Lord Davies of Oldham Excerpts(10 years, 10 months ago)
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Lord Davies of Oldham (Lab)
My Lords, “the party opposite” is critical of the Government for the obvious reason that, if you run an economy with such abysmal rates of growth as this Government have done over the past three years, you find yourself unable to hit the target for the deficit that the Chancellor himself identified in 2010.
Lord Newby
My Lords, I am sure that the noble Lord is an assiduous reader of publications by the IMF and will have seen that, within recent days, the IMF has upgraded its forecasts for growth to 2.4% next year and 2.2% the next year, which is higher than for France and Germany.