Michael Ellis
Main Page: Michael Ellis (Conservative - Northampton North)Department Debates - View all Michael Ellis's debates with the HM Treasury
(11 years, 2 months ago)
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
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Mr Osborne
We have revived the patient from the near-death experience it had under the Labour Government.
Michael Ellis (Northampton North) (Con)
Does my right hon. Friend agree that, as the Labour party has no economic policy of its own and no wish but to borrow more and more on the never-never, if the shadow Chancellor were in my right hon. Friend’s shoes, this country would be looking at default?
Mr Osborne
The great thing is that we, as a country, have experienced the shadow Chancellor’s economic policy, because he was the chief economic adviser to the Government. We had the biggest financial crisis in our history and the deepest recession for 100 years, and many people lost their jobs. We have had a dry run of what it would be like if he were ever allowed back.