Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of progress in eliminating the deficit between 2010 and 2015.
The government’s long-term plan is working, restoring the public finances to a more sustainable path. The deficit has more than halved as a share of GDP from its post-war peak of 10.2% in 2009-10 to 4.8% by the end of last year. The latest data published jointly by the Office for National Statistics (ONS) and HM Treasury shows that public sector net borrowing for April 2015 is £6.8bn, down £2.5bn compared to the same time last year. But the job of fixing the public finances is not yet complete which is why we will continue with our plans to reduce the deficit further and build a more resilient British economy.