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Finance Bill

On precisely that point about the different levels of private sector job creation and public sector job losses around the country, was my right hon. Friend worried to see the Oxford Economics report of last week predicting that in Wales, for example, just 4,000 jobs will be created, which represents 0.3% growth over the next five years? That will lead to significant net increases in unemployment in Wales and the report predicted that we would not see a return to the current levels of employment until 2025. The picture is similar in the west midlands and other areas across the country.