Tom Blenkinsop
Main Page: Tom Blenkinsop (Labour - Middlesbrough South and East Cleveland)Department Debates - View all Tom Blenkinsop's debates with the HM Treasury
EU Budget (Surcharge)
Tom Blenkinsop Excerpts(10 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
We will never face such a large payment or such an unexpected period of time in which to pay, which is why we are getting permanent changes to the budget rules. That requires the consent of all member states, and we have that.
Tom Blenkinsop (Middlesbrough South and East Cleveland) (Lab)
The UK’s deficit at the moment is the worst in the European Union. Will the Chancellor be selling that as a result as well?
Mr Osborne
Some of us remember inheriting a budget deficit of 11.5% from the previous Labour Government. It has fallen by more than a third. We will get the forecasts from the Office for Budget Responsibility in December.