Balancing the Public Finances
Debate between Neil O'Brien and Joan Ryan(7 years, 4 months ago)
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Neil O'Brien
You are absolutely right—my hon. Friend is right—to point out that we are paying that much in debt interest payments. You will know that more than a quarter of our debt is held overseas, so by my calculations we are spending something like £10 billion a year to other countries for them to spend on their schools and hospitals. My constituents in Harborough will be shocked that we are spending that much to support public services overseas.
Joan Ryan (in the Chair)
Order. I remind the hon. Member for Harborough (Neil O'Brien) that he is supposed to address the Chair.