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Proceeding contribution from Kwasi Kwarteng (Conservative) in the House of Commons on Tuesday, 29 March 2011. It occurred during Budget debate on Budget Resolutions and Economic Situation.


Budget Resolutions and Economic Situation

My hon. Friend is exactly right. I think there was an element of delusion in the country inasmuch as people believed that Labour could be trusted with the economy. That was clearly not the case. Older voters I speak to in my party association and more widely in Spelthorne remember the appalling legacy of the 1970s, when exactly the same thing happened. None of this is new; we have seen it all before. Exactly the same thing has happened 30 years later: Labour came into power, made all sorts of spending commitments with the best intentions, but found that we had run out money. It was that simple. On that note, I urge the House to vote in favour of the Budget motions.


Secondary information

Type
Proceeding contribution
Reference
526 c236 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Disability living allowance Alcoholic drinks Business Corporation tax Apprentices Budgets Housing benefit Environment protection Excise duties Fiscal policy Economic situation Economic growth Local government finance Pensions Public expenditure Public sector net cash requirement Social security benefits Small businesses Regulation Taxation Technology Unemployment Budget March 2011
Link
View this Proceeding contribution on www.publications.parliament.uk