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Department: HM Treasury

Nadhim Zahawi

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Sentencing Reform/Legal Aid
Tuesday 21st June 2011

(13 years, 5 months ago)

Commons Chamber
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David Gauke Portrait Mr Gauke
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I certainly think that, if we put our credibility at risk, there would be considerable concern about, for example, the currency. The response to that would be higher interest rates, which would do nothing for the growth of the economy.

Nadhim Zahawi Portrait Nadhim Zahawi (Stratford-on-Avon) (Con)
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We are already spending £120 million a day on debt interest. What figure does the Minister think would be reached if we had not increased VAT?

John Bercow Portrait Mr Speaker
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Order. We should be focusing on inflation. I call the Minister to answer, very briefly.

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