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Proceeding contribution from Danny Alexander (Liberal Democrat) in the House of Commons on Thursday, 28 October 2010. It occurred during Debate on Comprehensive Spending Review.


Comprehensive Spending Review

The hon. Lady is the shadow Chief Secretary, and we read in a memo directed to the Leader of the Opposition that the Opposition had a plan for £44 billion of cuts, but she has not set out a single piece of detail on that. As I said, Departments will set out their work force plans in due course. The previous Government's plan was not a serious plan to deal with the deficit and support growth. It was not a fair approach. It would have led to more, not fewer, cuts in the end, because of higher debt and higher interest payments—more interest on the debt, and more interest on the interest. Compared with the plans that we inherited, we will save £5 billion in debt interest payments over the course of this Parliament. The emergency Budget set out our plan to balance the books, and now we have shown how we will find £81 billion of savings by 2014-15. Let me put that in some context. Even at the end of that period, public spending as a share of gross domestic product will be 41%.


Secondary information

Type
Proceeding contribution
Reference
517 c503 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Cost effectiveness Government departments Economic growth Public expenditure Economic recession
Link
View this Proceeding contribution on www.publications.parliament.uk