Chancellor's Statement: Margot supports robust deficit reduction plan
14th June 2010
Following the Chancellor of the Exchequer's statement on the creation of the Office for Budget Responsibility, Margot James highlights the absolute need for a robust deficit reduction plan.
Margot James (Stourbridge) (Con): May I congratulate my right hon. Friend on this unprecedented increase in transparency and openness on economic forecasting? Is it not the case that the increase in the structural deficit as a percentage of gross domestic product means that a robust deficit reduction plan is needed now more than ever?
Mr Osborne: My hon. Friend is absolutely right, and that is also the conclusion of the G20, the European Union and most international observers of the UK situation.
