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Comprehensive Spending Review

It may have been too long, Mr Caton, but it was very good. My hon. Friend is absolutely right. As I was saying, the Conservatives and the Liberal Democrats maintain that it was Government spending that created this crisis. The crisis did not originate in the British public sector. It stemmed from irresponsible lending by financial institutions right across the world. When their loans began to go bad, they realised that by slicing and dicing the mortgage-backed securities—