---

Budget Resolutions and Economic Situation

I agree with the hon. Gentleman that it is unfair to expect him to have read the Red Book. He will, of course, be aware of what was said by a junior Treasury Minister—the Exchequer Secretary to the Treasury, the hon. Member for Portsmouth, North (Sarah McCarthy-Fry)—on 5 January, which is some time ago. She said:""The Government have made it clear that reducing spending accounts for two thirds of the action the Government are taking to reduce the deficit following the crisis-measures that will reduce the deficit by £57 billion in 2013-14."—[Official Report, 5 January 2010; Vol. 503, c. 126.]" Is it not time for the hon. Gentleman to come clean and concede that there will be £40 billion of cuts in a single year in 2013-14, and the Labour party is at it?