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Government Capital Expenditure

I am grateful to my hon. Friend. It is an extraordinary position, is it not, that the Labour Government came into power on the basis that finally the Labour party had understood the need for fiscal responsibility—that they could spend only the money that they had coming in? Prudence was their watchword, when they first came in, to restore confidence, but now they have reverted to type. They are making the country run out of money and they think the only response to any problem is to throw money at it. That undermines confidence, which is the single most important thing we need to restore the economy of this country.