Business of the House

I could not have put it better. I am sure that many others will want to make such points as the anniversary comes about in the coming couple of weeks, because it is really important that we learn the lessons from that disaster and do not allow history to repeat itself. What happens when the Government of the day make a huge amount of unfunded spending and tax-cutting commitments with no idea of where the money will come from, and ignore the advice of Treasury and other experts, completely flying in the face of our much-valued financial institutions? As my hon. Friend recalled, we see soaring rates of Government borrowing costs and interest rates having to be raised very quickly. It is mortgage payers, ordinary families and those on fixed incomes who pay the heaviest price when the Government of the day make such a reckless choice with the economy.