Oral question asked in the House of Lords, by Lord Naseby (Conservative). It was answered on Tuesday, 7 December 2010.
Bankruptcy
- Question
- Has my noble friend had a chance to read the statement from the shadow Chancellor in which he said that the problem for the Labour Party was that it had built up a reputation for 13 years of overspending and debt? Is that not near-bankruptcy?
- Answer
-
I completely agree with my noble friend. That is indeed it. I was looking at the Oxford English Dictionary this morning and I saw that one definition of ““bankrupt”” is, "““one who has brought himself into debt by reckless expenditure or riotous living””." I would not presume to accuse the previous Government of riotous living.
Secondary information
- Type
- Oral question
- Reference
- 723 c116
- Session
- 2010-12
- Oral question type
- Supplementary
- Chamber / Committee
- House of Lords chamber
- Subjects
- Borrowing Public sector Public finance
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2014-09-01 20:14:02 +0100
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