Lord Young of Norwood Green
Main Page: Lord Young of Norwood Green (Labour - Life peer)
Lord Young of Norwood Green
Since the issue is one of affordability and value for money, will the Minister confirm that the Government will publish the value-for-money case?
Baroness Wilcox
The trouble with the party on the other side is that it misunderstands what “affordability” means or implies. As I have said, the Government inherited a massive and growing debt. If that had been allowed to grow beyond control, every company in the country would have had to face the risk of a disastrous rise in borrowing costs and there might have been even less money to borrow from the banks.