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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

I agree with my hon. Friend. Whoever won the general election—whoever formed the Government—was going to have to come to the House of Commons to set out a plan for reducing the highest budget deficit in our peacetime history; the deficit is considerably higher than it was when Denis Healey had to go to the International Monetary Fund. We have set out those proposals, and I believe that they will deliver certainty and stability going forward. The market interest rates for British businesses and British families are already lower as a result of the decisions that we have taken since coming into office. As for the decisions that we have announced today, I have noted that not a single Labour Member has asked me about the increase in the child tax credit, which will help 4 million families.

Secondary information

Type
Proceeding contribution
Reference
516 c985 
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