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Written question asked by Lord Barnett (Labour), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Tuesday, 23 November 2010.


Spending Review 2010

Question
To ask Her Majesty’s Government, further to the statement by Lord Sassoon on 20 October (HL Deb, col. 831), what is their definition of ““the financial danger zone””.
Answer

Public sector net borrowing in 2009-10 was £156 billion, or 11.1 per cent of gross domestic product, the highest level in UK post-war history. The Government were borrowing one pound for every four they spent.


Secondary information

Type
Written question
Reference
3861; 722 c320WA
Session
2010-12
Related items
Comprehensive Spending Review
Wednesday, 20 October 2010
Parliamentary proceedings
House of Lords
Subjects
Borrowing Public sector
Link
View this Written question on www.publications.parliament.uk