Speaking in an Opposition Day debate on the economy, Harriett Baldwin criticises the Shadow Chancellor for irresonsibly promoting a totally unfunded £51 billion cut of VAT. Harriett Baldwin (West Worcestershire) (Con): The right hon. Gentleman says that he likes to do his politics on the record. On the “Daily Politics” show on 14 March, he said: “We’ve made no commitments at all, it would be totally irresponsible for an opposition to behave” in that way. What is responsible about an unfunded £51 billion tax cut? Ed Balls: If that was written by the Whips, they will have to do better. What I said was that it would be completely irresponsible for me as shadow Chancellor to make a commitment now to a reverse in the VAT rise for our next election manifesto. Of course I cannot make an unfunded commitment for the next manifesto. The rise in VAT this January was a mistake. It was the wrong tax to raise, it was unfair, and it has depressed confidence and stopped people spending at the wrong time for the recovery. The Chancellor does not have to agree with us that he should not have raised VAT, but he should agree that he did it at the wrong time, and he should temporarily reverse it until the recovery is secure. We now hear from Conservative Central Office that the proposal to cut VAT only temporarily until the recovery is secure would have to be in place for four years of this Parliament. That tells us that the Conservatives think that the recovery will not be secure for the whole of this Parliament, which is precisely the argument that I am making. | Hansard