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Finance Bill

I would like the hon. Gentleman to engage with a bit more focus on this particular point. A number of Conservative contributors to this debate have said that they believe that the Government are taxing too much and that they are very concerned about the size of the budget deficit. That seems to lead to the conclusion that there would have to be significant spending reductions. What those reductions would be, however, is rather hard to discern. Is the hon. Gentleman really saying that at the next general election the Conservatives will propose to cut public spending by 20 per cent.? If so, that is something in the region of £130 billion less annual public spending than the Government are proposing.