Mark Hendrick
Main Page: Mark Hendrick (Labour (Co-op) - Preston)Department Debates - View all Mark Hendrick's debates with the Wales Office
(12 years, 7 months ago)
Commons ChamberI am grateful for the opportunity to join my hon. Friend in wishing the people of Penkridge well. He did rather better in convincing the people of Penkridge to vote for him than I did in 1997. He is absolutely right to raise the issue of malaria on world malaria day. Some 15,000 children die every week from what is a preventable illness. That is why I am proud that Britain is leading on this issue, putting money into the aid budget and malarial bed nets, and making all the scientific advances that he referred to. This is a vital agenda, and even in difficult economic times, we are right to pursue it.
Q5. Does this out-of-touch Prime Minister still believe that the British economy is “out of the danger zone”?—[Official Report, 15 December 2010; Vol. 520, c. 901.]
One of the biggest problems we faced on taking office was the danger that financial markets would take the same view of Britain as they took of Greece, Spain and Portugal, where interest rates were rising. That Britain has such low interest rates demonstrates that we have credibility. Difficult decisions are needed to get on top of the debt and deficit, and to deal with public spending, but they are the right decisions, not least because, as the shadow Chancellor once said, low interest rates are the mark of economic credibility.