Economic Policy Debate

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Department: HM Treasury

Economic Policy

William Bain Excerpts
Monday 25th February 2013

(11 years, 9 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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If that were the case, why would German rates be lower than ours?

William Bain Portrait Mr William Bain (Glasgow North East) (Lab)
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On 2 February 2010, the Chancellor said

“we will protect Britain’s credit rating and international reputation.”

Having delivered the third-lowest growth in the G20 since 2010, with real wages having fallen every month that he has been in office, the cost of living staying higher for longer, according to the Bank of England, and our nation’s productivity slumping, it is his reputation that lies in ruins in the eyes of the British people today.

George Osborne Portrait Mr Osborne
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I cannot believe that the hon. Gentleman waited an hour and four minutes to read us the Whips’ handout again. As I have said, perhaps the Labour party will circulate its alternative economic policy, so that we can have a real debate about it in the House.