PUBLIC SPENDING LEVELS

That this House acknowledges that the current financial crisis and recession was caused by irresponsible behaviour within the banking and financial sectors; further acknowledges that during a recession it is vital that the Government maintains public spending to maintain jobs and services; expresses deep concern that the current debate on the financial crisis centres on public sector cuts which will disproportionately affect those most dependent on public services and public sector workers, who are not responsible for the current economic difficulties and many of whom are on low incomes; and therefore urges the Government to maintain investment, jobs and public services and look for alternative ways to reduce the current deficit, including taking effective measures against tax avoidance and making proper use of public ownership.