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Welsh Affairs

Nobody, let alone members of the Cabinet, such as myself, is being complacent. My point is that if we are that concerned—as we all, including the hon. Gentleman, ought to be—about the size of the deficit, why would we make it worse? That is what the Tory policies over the past year would have done and what Tory policies over the coming year would do. If a Government closed down many more businesses and gave many more people the sack—that is what the Tories would be doing—the deficit would grow higher. Everybody understands that; it is schoolboy and schoolgirl economics. That would be a consequence of Tory policies.