Proceeding contribution from Lord Lawson of Blaby (Conservative) in the House of Lords on Monday, 3 November 2008. It occurred during Debate on Economy.
Economy
My Lords, I said that it has to happen because consumers’ balance sheets need to be rebuilt. It may have an undesirable consequence but the savings ratio will go up simply by people not borrowing or getting into debt any further. Surely he agrees that that is going to happen.
Secondary information
- Type
- Proceeding contribution
- Reference
- 705 c57
- Session
- 2007-08
- Chamber / Committee
- House of Lords chamber
- Subjects
- Bank services Banks Credit Finance Fiscal policy Financial markets Economic situation Economic policy Mortgages Loans Monetary policy Small businesses Regulation World economy
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-16 01:21:27 +0000
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_505311
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_505311
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_505311