Oral Answers to Questions

Margot James Excerpts

Wednesday 31st October 2012 Commons Chamber

[Margot James (Stourbridge) (Con)]

Q7. In the light of last week’s positive growth figures, does the Prime Minister agree that policies requiring yet more spending, more borrowing and more debt are the precise opposite of what our country needs?

[The Prime Minister]

My hon. Friend is entirely right. Last week’s news was welcome. The economy is growing, unemployment is coming down, inflation is coming down, the rate of small business creation is going up and a million more people are employed in the private sector than there were two years ago. The one absolute certainty is that the worst approach—Michael Heseltine confirms this in his report—would be to see more spending, more borrowing and more debt, because that is what got us into the mess in the first place. The Labour party has only one growth plan: the plan to grow the deficit.