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Amendment of the law

I certainly do not wish to claim that I predicted the crisis—it would be an unwise Member who did so—but the hon. Lady has to acknowledge that real doubts were expressed by Conservative Members and others about the level of personal debt and, in particular, the dependence of economic growth and prosperity on borrowing. I, like others, argued that the collapse in the savings ratio over the period of this Government was extremely dangerous and jeopardised the future of the economy. That point was continually made, was it not?