Following the urgent question to the Financial Secretary on the euro crisis and its implication for the United Kingdom, Harriett Baldwin stresses the importance of the Government's policy on tackling the deficit in order to maintain low interest rates. Harriett Baldwin (West Worcestershire) (Con): Two-year Greek interest rates reached 100% this morning. Will the Financial Secretary remind everybody how important it is for jobs and growth that despite the fact that we have a higher deficit than the Greeks, our interest rates are closer to those of the Germans? Mr Hoban: My hon. Friend hits the nail on the head. It is because we took that tough action and are tackling our deficit, and have a credible plan for putting our public spending back on a firm footing, that we have lower interest rates than countries with a lower deficit than ours. | Hansard