G20

John Bercow Excerpts

Monday 9th September 2013 Commons Chamber

[The Prime Minister]

The hon. Gentleman raises one of the questions that lay behind a lot of the discussions and debates on the global economy. What has happened in American markets recently, with a rise in long-term interest rates, has taken a lot of money out of developing countries and contributed, they would argue, to some instability. A year ago at the G20, the question was rather different. The argument was that because of accommodative monetary policy, the west was trying artificially to reduce its exchange rates. I understand the concerns of India and others. I think what it argues for is the importance of getting the economic fundamentals right, and that is what all countries have to take notice of.

[Mr Speaker]

I am most grateful to the Prime Minister and to colleagues. Fifty-nine Back Benchers were able to question him in 52 minutes of exclusively Back-Bench time. We can do it when we try.