Oral Answers to Questions

Debate between Kwasi Kwarteng and George Osborne

Tuesday 5th November 2013 Commons Chamber

[Kwasi Kwarteng (Spelthorne) (Con)]

T4. Is it not true that the only way to improve considerably our standard of living is to focus on the economic situation of the country to boost growth and pay down debt?

[Mr Osborne]

I completely agree with my hon. Friend that unless we have a credibly economic plan to grow the economy, deal with public finances and support business rather than tax it, we will get the reaction the shadow Chancellor got from the CBI, whose members said that the hairs on the backs of their necks stood up as they listened to all the terrible things that a Labour Government would do to them. The truth is that we are fixing the economic mess the shadow Chancellor left behind, and that is the best way to improve people’s living standards.

Oral Answers to Questions

Debate between Kwasi Kwarteng and George Osborne

Tuesday 10th September 2013 Commons Chamber

[Mr Osborne]

I have not heard in the 54 minutes of these questions either an apology for what happened under the Labour Government or a single economic policy being advanced. If the Labour party is against our welfare cuts or spending cuts, let it have the courage to get up and say that it would reverse them. We have not heard that at all in this questions session.

[Kwasi Kwarteng (Spelthorne) (Con)]

T8. My right hon. Friend is well aware that 80% of the employment in my constituency comes from the private sector. Will he tell us his plans for increasing private sector involvement in the economy and for giving that vital sector some support?

[Mr Osborne]

Of course one of the key things as the economy recovers is not to make the mistakes of the past and not to have the unbalanced economy that we had before the financial crash, when, for example, even in the boom years, private sector employment fell in some regions such as west midlands. What we must do in my hon. Friend’s constituency and elsewhere is support small businesses that are starting up, get the capital to the small businesses that want to expand and encourage the big companies to invest. In all those areas, there is positive news, but we have to stick at it.

Oral Answers to Questions

Debate between Kwasi Kwarteng and George Osborne

Tuesday 8th June 2010 Commons Chamber

[Mr Osborne]

No, but we did receive a letter from the former Chief Secretary to the Treasury, the right hon. Member for Birmingham, Hodge Hill (Mr Byrne), apologising for the fact that there was no money left. We will discuss this issue in the debate on the Queen’s Speech. I note that the Labour party has tabled a motion, which it is asking us all to vote for, noting

“the need for a clear plan to bring down the deficit”.

I look forward to hearing that clear plan in the shadow Chancellor’s speech.

[Mr Kwarteng]

Has the Chancellor received any more correspondence from the former Chief Secretary?

[Mr Osborne]

No, sadly I have not, but I discovered that he had a large bust of Oliver Cromwell sitting behind his desk, and that when the Irish peace negotiations were being conducted they had to be held in another room.