Michael Fallon
Main Page: Michael Fallon (Conservative - Sevenoaks)
Mr Deputy Speaker (Mr Lindsay Hoyle)
Order. Many hon. Members wish to get in. We have another statement to follow and there is business after that. I will certainly try to call as many hon. Members as possible, but if we can have quick questions and succinct answers, that will be of benefit to all.
Michael Fallon (Sevenoaks) (Con)
Is it not pretty clear that some of those projects were hastily scribbled cheques on a long overdrawn account? Would not today’s painful announcement have been completely unnecessary if Labour had carried out a proper comprehensive spending review last autumn, building into it a sustainable reserve?
Danny Alexander
The hon. Gentleman is absolutely right. If there had been a spending review, we would not be in this position now. As it is, out of the £34 billion of commitments that the previous Government made in that period, we have had to cancel £2 billion and put £9 billion into the spending review. The choice is obvious: profligacy on the one side, responsibility on the other.