The Chancellor gave his Autumn Statement to the House of Commons on our economy and the state of the nation's finances. The Conservatives have a long-term economic plan. I made the point that Labour's economic policy is confused and muddled.
Charlie: The Chancellor used to receive representations that he was doing too much, too fast, but now Labour Members think he did not go quickly enough. Given its muddled and confused position, if we were to adopt a plan from these people, what would be the implication for interest rates in particular and economic policy and growth in general?
Chancellor of the Exchequer (George Osborne): Of course, Labour economic policy would increase unemployment, reduce GDP and potentially put Britain back into recession. We know that its feeble commitments on borrowing would allow at least £26 billion of extra borrowing every single year, and as has been demonstrated over the past hour or so, every Labour MP actually wants to spend more money and increase welfare bills. That is the real Labour party, and of course it would bankrupt the country again.
It has been an honour and privilege to serve as Member of Parliament for Dover & Deal. I hope to be re-elected to serve our community for another term.
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