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Proceeding contribution from Stephen Hesford (Labour) in the House of Commons on Wednesday, 12 March 2008. It occurred during Budget debate on AMENDMENT OF THE LAW.


AMENDMENT OF THE LAW

I am obliged to the right hon. Gentleman, who will have an active memory of those times. I was still at school but have read since that, yes, the UK had stagflation, but stagflation was not universal. There were economies that survived and prospered but, unfortunately, not the UK’s. Is not the position the other way around this time? The UK is in a position to survive, but other economies are not.


Secondary information

Type
Proceeding contribution
Reference
473 c335 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Budgets Borrowing Economic situation Public sector Taxation Tax yields Budget March 2008
Link
View this Proceeding contribution on www.publications.parliament.uk