Mr Redwood’s intervention during the Autumn Statement, 5 Dec 2013

Mr John Redwood (Wokingham) (Con): Will the Chancellor confirm that the independent official forecast shows that the more successful he is in future years in curbing spending and cutting borrowing, the faster the economy will grow, just as America has shown that by cutting the deficit, it can get more growth?

The Chancellor of the Exchequer (Mr George Osborne): I agree with my right hon. Friend that unless we have a sustainable state, with borrowing and public finances under control, it will be very difficult to get the stability during which sustained growth happens. We have seen that in many of our neighbours, and that was the risk facing the United Kingdom in 2010. We have absolutely demonstrated that we can stick with a plan to deal with the deficit and take hard decisions on public finances, and see job creation and business expansion happen alongside that.

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One Comment

  1. Dennis
    Posted December 10, 2013 at 10:58 am | Permalink

    “that unless we have a sustainable state, with borrowing and public finances under control, it will be very difficult to get the stability during which sustained growth happens.” says the Chancellor.

    A sustainable state is impossible with growth – obviously he is ignorant of economics.

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  • About John Redwood

    John Redwood has been the Member of Parliament for Wokingham since 1987. First attending Kent College, Canterbury, he graduated from Magdalen College, and has a DPhil from All Souls, Oxford. A businessman by background, he has been a director of NM Rothschild merchant bank and chairman of a quoted industrial PLC.
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