John Stevenson: Labour and socialism have failed the country because their failed policies interfere too much in people’s lives, over-regulate, spend too much taxpayers’ money, borrow too much and raise taxes. Will the Prime Minister tell the House what policies his Government will follow to ensure that we do not have a similar fate?
Boris Johnson: Yes, I can. I am grateful to my hon. Friend, who is absolutely right that Labour’s instinct everywhere and always is to put up tax, with all its—[Interruption.] Well, Labour Members are bragging about it today—it is ludicrous. What we are doing is not only cutting people’s contributions under national insurance but helping businesses to invest with the 130% super deduction that my right hon. Friend the Chancellor put in. That is helping us to have a high-wage, high-skill economy, with unemployment—yes, I have said this before, Mr Speaker—at its lowest since 1974.