Dominic Hannigan (Labour)

No. There is room to increase Government debt. Other countries are doing it. We are living in extraordinary times and it is clear that this can help us out of the current financial catastrophe.

However, while it is all very well to consider increasing debt, we must send a clear message to the world markets that we are also considering reform in other areas. I ask the Leader to impress on the Minister that action must be taken on executives in banks who are not falling on their swords. They must do that to ensure the world believes we are tackling this economic crisis.