Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Matt Hancock Excerpts
Tuesday 8th June 2010

(14 years, 5 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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The ambition, of course, is to try to get unemployment falling, but it is rising at the moment. That is the situation that we inherited—as is inequality, which we inherited too.

Matt Hancock Portrait Matthew Hancock (West Suffolk) (Con)
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Is the Chancellor aware of the recent Institute for Fiscal Studies report which showed that, going into the recession, the budget deficit in the UK was already one of the highest in the developed world?

George Osborne Portrait Mr Osborne
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I am absolutely aware of that report, because my hon. Friend drew it to my attention about three months ago, for which I thank him.