MP highlights Labour’s excesses during Chancellor’s Autumn Forecast Statement
Today in the House of Commons, the Chancellor of the Exchequer presented his Autumn Forecast. John Baron MP urged the Chancellor to remind the nation of Labour’s role in this recession and why spending had to be cut.
John said:
“The Chancellor should never tire of reminding the Opposition that, unlike all previous post-war recessions, this recession was caused by high debt and you can’t borrow your way out of debt.”
The Chancellor agreed.
John said afterwards:
“The price for not getting to grips with this high debt is that the markets will lose faith and interest rates will rise. This would hurt the country, particularly the 11.5 million mortgage holders.”
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