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Proceeding contribution from Lord Young of Cookham (Conservative) in the House of Commons on Thursday, 14 July 2011. It occurred during Business statement on Business of the House.


Business of the House

I listened, as I am sure my hon. Friend did, to my hon. Friend the Member for Bromsgrove (Sajid Javid) introducing a ten-minute rule Bill on the same theme—the size of the national debt. One reason why that continues to increase is the very high interest bill on the outstanding debt, which we inherited from the previous Government. My hon. Friend the Member for Bury North (Mr Nuttall) will know that we have made some difficult decisions to reduce the pressure on public finances, including bringing forward the state retirement age, changing to the consumer prices index for benefits, and accepting Lord Hutton's recommendations to reform public service provision. I very much hope that my hon. Friend agrees that what we have begun to do will help to reduce the escalating nature of national debt.


Secondary information

Type
Proceeding contribution
Reference
531 c503 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Public expenditure Public finance
Link
View this Proceeding contribution on www.publications.parliament.uk