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Proceeding contribution from Gordon Brown (Labour) in the House of Commons on Monday, 27 November 2006. It occurred during Queen's speech debate on Treasury and Work and Pensions.

Treasury and Work and Pensions

The savings ratio in the US is negative, but the economy continues to grow—[Interruption.] The hon. Gentleman has to explain to us how removing protection from savings products would in any way liberate low-income users in our country. I was right—the hon. Gentleman is a member of the Cornerstone group of the Conservative party, which wants £40 billion-worth of tax cuts. It says that that is only 4 per cent. of GDP and we should not worry about it. It is only the cost of every school in the country, but that is the policy of the Cornerstone group of the Conservative party.

Secondary information

Type
Proceeding contribution
Reference
453 c843 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Children Climate change Economic situation Poverty Pensions Public sector Public expenditure Statistics Welfare tax credits Taxation Skilled workers Unemployment Productivity World economy
Link
View this Proceeding contribution on www.publications.parliament.uk