text_body: --- DIVISION TITLE ---
  
  Opposition Day - The Economy
  
  --- MOTION EFFECT ---
  
  
  @MP voted aye to express support for the Government's economic policy
  @MP voted no against the Government's economic policy 
  
  The majority of MPs voted to express support for the Government's economic policy.
  
  Chancellor George Osborne (Conservative) proposed replacing an opposition motion on the Economy with the following: 
  :This house
  :''welcomes'' the fact that in the last year a record 520,000 new private sector jobs were created, with the second highest rate of net job creation in the G7, exports grew by 13 per cent. and manufacturing activity was 4.2 per cent. higher and the latest labour market data showed the largest fall in unemployment for more than a decade;
  :''notes'' that the Government inherited a budget deficit forecast to be the largest in the G20; further notes that the previous administration and now Opposition has no credible plan to deal with the deficit and that the Shadow Chancellorâs recent proposal for a temporary cut in VAT has been widely criticised for lacking credibility and would put the stability of the economy at risk; 
  :''notes'' that the Government has introduced a permanent bank levy that raises more revenue than the previous administrationâs one-off bonus tax and that the Government has set out a credible plan that has been endorsed by the IMF, OECD, European Commission and the CBI, that has led to greater stability, lower market interest rates and an affirmation of the UKâs credit rating that had been put at risk by the previous administration; and
  :''notes'' that this stability provides a platform for rebalancing the economy and the Governmentâs Plan for Growth that includes reducing business taxes, investing in apprenticeships, creating a new Green Investment Bank, reforming the planning system, reducing the burden of regulation and reforming the welfare system to make work pay.
  
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  