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Fiscal Responsibility Bill

I apologise for missing the beginning of the hon. Gentleman's speech. I am sure that this point has been made, but he has made two important points about identifying where the fiscal responsibility lies, one part of which is about halving the amount that is out there. However, surely one important benchmark is where we start from. Neither the transparency of what is on balance sheet—obviously, that is what the Government go on about—nor the transparency of what is off balance sheet, which is what I, along with my hon. Friend the Member for Stone (Mr. Cash), my right hon. Friend the Member for Wokingham (Mr. Redwood) and everybody else on the Conservative Benches, go on about, is clear. It is important that we understand what the starting point is, and then think about where to go, rather than simply halving what is out there on balance sheet.