Kevin Hollinrake

Kevin Hollinrake

Conservative — Thirsk and Malton

Speaking in the House of Commons on 17 October 2024

Debate

International Investment Summit

Contribution

There is no doubt that we have been through a difficult time, given the effect of covid and the cost of living crisis on a services economy, but the right hon. Gentleman will acknowledge that back in 2010 the deficit was more than 10%, whereas today it is only 4%. In real terms, adjusted for inflation, that is a difference of about £160 billion, the equivalent of the health budget. The inheritance left for the present Government is much better than the one we received in 2010.

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