Roger Williams
Main Page: Roger Williams (Liberal Democrat - Brecon and Radnorshire)Department Debates - View all Roger Williams's debates with the HM Treasury
(15 years, 4 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
Mr Speaker, you are absolutely right.
I make this point to the hon. Member for Swansea West (Geraint Davies). The serious observation that he makes about investment in productive economic assets is one that is reflected in the document that the Treasury produced this afternoon.
Roger Williams (Brecon and Radnorshire) (LD)
A Select Committee in the other place found that reform of the Barnett formula could lead to a reduction in the budget deficit. In terms of the imperative of achieving that, will not the Treasury team look once again at that Select Committee report?
Danny Alexander
I am happy to look at the report, but as I said in answer to earlier questions, we made it clear in the coalition programme for government that, although we recognise those concerns, the priority must be to address the budget deficit, and that is what we are going to do.