Jim Sheridan
Main Page: Jim Sheridan (Labour - Paisley and Renfrewshire North)Department Debates - View all Jim Sheridan's debates with the HM Treasury
(11 years, 2 months ago)
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Mr Osborne
My hon. Friend puts the point powerfully and until we hear that apology from the shadow Chancellor, frankly he will not have the credibility to offer an alternative.
Jim Sheridan (Paisley and Renfrewshire North) (Lab)
The Chancellor’s message to my constituents seems to be that things are only getting worse. Will he lead by example and inform the House what personal sacrifices he will have to make as a result of this downgrade?
Mr Osborne
My message to all families is that in the markets interest rates remain low and have remained low today. That is the credibility test for the Government’s economic policy, and as I say, for families paying a mortgage or businesses with a business loan, that is crucial.