00:00This is not a spring statement, Mr. Speaker. It is a surrender statement.
00:06Yet, the Chancellor has the temerity to suggest that she is creating the conditions for renewed growth.
00:19She is rather like the dodgy estate agent standing in the crumbling building with the roof gone,
00:25the windows gone, with the floor gone, and saying, just think of the potential.
00:31But that potential, Mr. Speaker, has been undermined by the terrible state of our public finances.
00:39When it comes to the deficit, she knows, the right honourable lady knows,
00:45when it comes to borrowing, that borrowing this year is almost double that which was forecast at the time of
00:52the general election.
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