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Oral question asked in the House of Lords, by Baroness Seccombe (Conservative). It was answered on Tuesday, 7 December 2010.


Bankruptcy

Question
My Lords, does my noble friend agree that, if we had not taken action so quickly, we would have been a further £100 billion in debt by 2015?
Answer

Indeed. I am grateful to my noble friend and I think that points out how close to bankruptcy we were.


Secondary information

Type
Oral question
Reference
723 c117 
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