Michael Fallon
Main Page: Michael Fallon (Conservative - Sevenoaks)Department Debates - View all Michael Fallon's debates with the HM Treasury
(14 years, 5 months ago)
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Mr Speaker
Order. Understandably, there is intense interest in this subject, with a very large number of Members wishing to contribute. If I am to have any chance of accommodating even a significant proportion of those who are standing, I require from each Back-Bench Member a single, short, supplementary question. I know that there will be an appropriately economical reply from the Chief Secretary.
Michael Fallon (Sevenoaks) (Con)
Does my right hon. Friend accept that although there were, obviously, extenuating circumstances on Monday, it is always best if these announcements can be made to Parliament first? Will he also confirm that the economic recovery is unlikely to be jeopardised by cuts to the cost and bureaucracy of quangos? It is far more likely to be put in danger by a Government who would simply sit on their hands for the next 12 months.
Mr Laws
I agree with both my hon. Friend’s points. First, he is right that we will seek, wherever we can, Mr Speaker, to make sure that these statements are made in the House, and we welcome the scrutiny from Members on both sides.
Secondly, I agree with my hon. Friend about the importance of cutting quangos. No serious economist believes that the actions we have taken this week will jeopardise the recovery. If the shadow Chancellor were being straightforward with us, he would acknowledge that the previous Government were already taking action to seek to deal with the deficit by tightening policy—for example by putting the rate of value added tax back up to 17.5%.