Geraint Davies
Main Page: Geraint Davies (Independent - Swansea West)Department Debates - View all Geraint Davies's debates with the HM Treasury
(12 years ago)
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Geraint Davies (Swansea West) (Lab/Co-op)
Rather than giving £10 billion to the IMF for the European bail-out fund, would it not be better to invest that money in a growth strategy in places such as Swansea to generate jobs and growth, and avoid the situation of the Chief Secretary suddenly announcing a further 5% cut in departmental spending, allegedly for a rainy day?
Mr Osborne
The political opportunism and empty opposition of the Labour party was brutally exposed yesterday when the shadow Chancellor opposed the contribution to the IMF and the right hon. Member for Edinburgh South West (Mr Darling), a former Chancellor of the Exchequer and one of the few people to emerge with real credit from the last Government, completely contradicted him. Not only are the Opposition not taken seriously at home, they are not taken seriously abroad either.