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Proceeding contribution from Lord Darling of Roulanish (Labour) in the House of Commons on Tuesday, 9 October 2007. It occurred during Ministerial statement on Pre-Budget Report and Comprehensive Spending Review.

Pre-Budget Report and Comprehensive Spending Review

I am sure that the hon. Gentleman knows that, both here and in other countries, the savings ratio falls when the economy is growing and inflation is low—but that is not to say that we do not need to do more to encourage people to save more. As for personal debt, it is true that some people have borrowed quite a lot of money to finance things, but the overall level of household assets exceeds the level of indebtedness by a considerable margin. Finally, on the subject of the strength and resilience of our economy, I think that the hon. Member for Canterbury (Mr. Brazier) will find that our economy is much stronger and more resilient now than it was when he was sitting on the Government side of the House.

Secondary information

Type
Proceeding contribution
Reference
464 c192 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Children Child tax credit Capital gains tax Defence Aviation Construction Climate change Development aid Department for Environment, Food and Rural Affairs Borrowing Housing Health Finance Education Inheritance tax Financial markets Economic situation Home Office Economic growth Inflation NHS Maintenance Pension credit Personal savings Northern Ireland Local government finance Poverty Public expenditure Mortgages Private rented housing Lone parents Public finance Overseas residence Scotland State retirement pensions Security Transport Wales Tax allowances Taxation Research Social services Skilled workers Science Widowed people Foreign and Commonwealth Office Autumn statement Ministry of Justice M6 Department for Culture, Media and Sport M1
Link
View this Proceeding contribution on www.publications.parliament.uk