George welcomes Government announcement of billions of investment in infrastructure
29th November 2011
Speaking in the House in response to the Chancellor’s Autumn Statement, George welcomed the Statement on behalf of hard working families and businesses in Norfolk and asked the Chancellor if he agreed that there was a need for radical infrastructural improvement across the UK.
Speaking after the Statement George said:
“Today’s announcements show that this Government has a plan for building long term sustainable growth through an innovation economy, whilst Labour offer nothing but more debt, tax, and higher interest rates.”
George Freeman (Mid Norfolk) (Con): I warmly welcome the statement on behalf of families and businesses in my constituency, particularly the billions for infrastructure, the strong support for science and innovation and the very imaginative scheme for unlocking credit easing for small companies. Does that not show that this Government are laying the foundations for sustainable economic growth, while the Labour party has nothing to offer but more debt, more tax and higher interest rates?
Mr Osborne: I completely agree with my hon. Friend. What was really striking in the shadow Chancellor’s response was that the heart of his argument was, “We’re borrowing too much, so let’s borrow more.” I do not think that is a very convincing argument. The only reason why he advances it is that he, almost alone in the Labour party, cannot admit that the last Government borrowed too much.
