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Autumn Forecast

My hon. Friend is absolutely right. This is one of those issues that is perhaps less commented on, but very relevant. We are reducing the debt interest payments that we inherited from Labour, and the debt interest bill—the money that we have to pay out to private bondholders and foreign Governments to borrow—is coming down from the number that we inherited. That is £19 billion that would otherwise, if we followed the Labour party's plans, be being paid to foreign Governments and private bondholders. That is how Labour Members want taxpayers' money spent; we have other plans for it.