Bill Esterson
Main Page: Bill Esterson (Labour - Sefton Central)Department Debates - View all Bill Esterson's debates with the HM Treasury
(11 years, 2 months ago)
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
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Mr Osborne
Of course we are working in the north-east, as elsewhere, to create the right conditions for businesses to grow. Unemployment has fallen—the unemployment rate is lower; a million jobs have been created; the number of youths unemployed has fallen as well; and there is a record number of jobs and a record number of women in work. Those things are welcome, but of course we have to do more to help businesses grow, and that is precisely what we are going to do.
Bill Esterson (Sefton Central) (Lab)
The Chancellor has spent the past hour denying what he said previously, but the reality is that he staked his entire reputation on maintaining this country’s credit rating. Why on earth is he still in a job?
Mr Osborne
I have made it very clear that although the credit rating is an important benchmark, it is one of a number of benchmarks. We are tested every day out there in the market, and what we have not heard from the shadow Chancellor is any alternative. It is all very well criticising the current Government’s economic policy, but what is the Opposition’s alternative? They have to have a policy to attack a policy.