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Proceeding contribution from George Osborne (Conservative) in the House of Commons on Wednesday, 20 October 2010. It occurred during Ministerial statement on Comprehensive Spending Review.

Comprehensive Spending Review

My hon. Friend is absolutely right. These decisions are absolutely vital to provide economic stability and to make sure that Britain does not go back to the brink of bankruptcy. What I would say to my hon. Friend and his constituents, many of whom work extremely hard and for long hours to pay their taxes, is that it is not acceptable for those taxes to go into the debt interest that we pay to foreign creditors when we really want the money spent here at home. That is what this is all about—trying to reduce our debt bills and bring some economic stability by reforming a welfare state that, frankly, grew out of control. We have taken the decisions today. If people have alternatives, they can put them on the table.

Secondary information

Type
Proceeding contribution
Reference
516 c976 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Child tax credit Compensation Crime prevention Disadvantaged Benefits rules Cost effectiveness Defence BBC Age Contributions Devolution Capital investment Civil servants Development aid Civil list Fares Housing benefit Government departments Interest charges Economic situation Equitable Life Assurance Society NHS Police Local government finance Workplace pensions Public sector Public bodies Public expenditure Pupils Railways Redundancy Non-departmental public bodies Midland Metro Public finance M25 Public sector debt Social security benefits Welfare tax credits State retirement pensions Working tax credit Terrorism Schools Reform Social rented housing Reviews Retirement Science Tyne and Wear Metro Security of tenure S4C Sure Start programme BBC World Service A3 Cuts Employment and support allowance M4 M62 M5 Olympic Games 2012 Presbyterian Mutual Society Departmental expenditure limits Bank levy Green Investment Bank A11 Birmingham New Street Station
Link
View this Proceeding contribution on www.publications.parliament.uk