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Welsh Affairs

I am grateful to the right hon. Gentleman for giving way, but I want to give him the opportunity to set the record straight. I believe that I heard him say earlier that fewer companies have gone to the wall in Labour's recession. I understand that more companies have gone bust in Labour's recession than in any other recession since records began. There were 26,978 corporate compulsory liquidations and company voluntary arrangements. That information comes from the Office for National Statistics time series and the Insolvency Service's "Company liquidations in England and Wales 1960 to present". Will he confirm that he did not make an error when he said that he felt that fewer companies had gone bust in this recession? I think that these statistics prove that he was wrong in this instance.