Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-163-000"
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"en.20120704.25.3-163-000"2
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"Mr President, the economic picture across Europe is very bleak. Most Member States, including the United Kingdom, are increasing taxes and cutting expenditure. They are doing this to reduce debt.
In Britain the coalition government inherited an annual deficit of GBP 160 billion when we came to office in 2010. In the last two years we have cut this by a quarter. My constituents do not enjoy the harsh medicine, but they understand it is necessary after 13 years of Labour taxing, spending and borrowing too much.
The European Union must act responsibly when we set our budget for next year. Our spending should be subject to the same discipline that we expect from the Member States. Taxpayers will not understand the demand from the Commission that the EU increase its expenditure by 7% at a time when expenditure is being cut at home. Calls by this Parliament for Europe to have more money whilst we face austerity at home will reduce further the reputation of the EU in my constituency."@en1
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