Proceeding contribution from Lord Young of Cookham (Conservative) in the House of Commons on Thursday, 1 March 2012. It occurred during Business statement on Business of the House.

Business of the House

My hon. Friend draws attention to the fact that the debt is now around £1 trillion. When my party left office in 1997, it was around £300 billion; when we came back, in coalition, it was somewhere around £900 billion. That was the escalation that took place in the intervening 13 years, and that is why we need to take steps to get the debt back under control.

Secondary information

Type: Proceeding contribution
Reference: 541 c448
Session: 2010-12
Chamber / Committee: House of Commons chamber
Subjects: Fiscal policy Economic growth USA
Link: View this Proceeding contribution on www.publications.parliament.uk

Business of the House

Secondary information

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