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Proceeding contribution from Mark Field (Conservative) in the House of Commons on Wednesday, 21 March 2007. It occurred during Budget debate on Budget resolutions.


AMENDMENT OF THE LAW

I accept the argument about growth forecasts. Indeed, it is fair to say that the Opposition have occasionally rubbished those forecasts in years gone by, and been confounded by the outcome. However, does the hon. Gentleman not accept that some of those forecasts have been met partly because of large-scale migration, which has added to the economy’s growth? Moreover, many other Treasury forecasts, such as the overall debt forecast—and, therefore, the overall outcome of the Budget—have proved to be very optimistic. It is our contention that that pattern might well continue in respect of the overall public debt in the next three or four years.


Secondary information

Type
Proceeding contribution
Reference
458 c884-5 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Budgets Economic situation Public expenditure Taxation Budget March 2007
Link
View this Proceeding contribution on www.publications.parliament.uk