Debate on “unravelling” Budget continues

April 24, 2009 at 12:40 pm Leave a comment

The Shadow Chancellor of the Exchequer has said that this week’s Budget has set a new world record because it “unravelled” in half an hour.

George Osborne was speaking in the Commons yesterday, at the start of the second day of debate on the Budget. He began his remarks with a suggestion for Ed Miliband, Secretary of State for Climate Change and Energy, who was in the chamber.

“He is always an engaging fellow and we always have a good relationship,” he said.

“After all, he was one of the key economic advisers of the last 10 years—one of the members of the council of economic advisers and one of the adjuncts in that famous Treasury bunker.

“To be fair, he has always stressed that he just stuck to giving economic advice rather than trying to run the political operations.

“Given what has happened to the British economy, perhaps in the interests of his long-term ambitions, he should take credit for the political operations and leave Mr. McBride to take the blame for the economic advice.

“We welcome the Secretary of State to this debate, and it is a special one.

“Government Budgets normally take a few days to unravel—sometimes just one day—but this one set a new record.

“It unravelled half an hour after the Chancellor sat down. He sat down at around 1.30 pm, and at 2 pm the IMF produced its growth forecasts for the world economy and the British economy, which completely contradicted the growth that the Chancellor had given to the House just a few minutes earlier.”

Click here to read the whole debate or here to watch video.

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Entry filed under: Commons. Tags: , , , .

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