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Budget Resolutions and Economic Situation

Does the right hon. Gentleman accept, however, that although the Chancellor's remarks may be seized upon and used for great merriment or other purposes, the truth of the matter is that during the years of the Thatcher curse we were not cutting away fat or meat; we were sawing at bones? Given that there has been a fourfold increase in vital services since Labour came to power, does the right hon. Gentleman accept that however deep the cuts, they will never match the damage done by the cuts under Thatcher?