Oral question asked in the House of Lords, by Lord Barnett (Labour). It was answered by Lord Sassoon (Conservative) on Tuesday, 7 December 2010.
Bankruptcy
- Question
- To ask Her Majesty’s Government what is their definition of ““bankruptcy””, as the term was used by Lord Sassoon on 1 November (HL Deb, col. 1552).
- Answer
-
My Lords, public sector net borrowing in 2009-10 was £156 billion or 11.1 per cent of GDP—the highest level in UK post-war history. The Government were borrowing £1 for every £4 they spent. That was the brink of bankruptcy.
Secondary information
- Type
- Oral question
- Reference
- 723 c115
- Session
- 2010-12
- Oral question type
- Lead
- Chamber / Committee
- House of Lords chamber
- Related items
- Subjects
- Borrowing Public sector Public finance
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-04-11 22:24:30 +0100
- URI
- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1568006
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1568006
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1568006