Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps he is taking to create a fiscal surplus by the end of this Parliament.

The government has made significant progress on deficit reduction to date – the deficit has more than halved as a share of GDP from the post-war peak we inherited in 2009-10. The government will reduce public sector net borrowing at the same average rate as the previous Parliament. But with warnings of a weaker outlook for the economy, we cannot be complacent in thinking the job is done and we must continue with the plan to return the public finances to a more sustainable position.