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Proceeding contribution from Lord Baker of Dorking (Conservative) in the House of Lords on Monday, 17 November 2008. It occurred during Ministerial statement on World Leaders Summit.


World Leaders Summit

My Lords, if this meeting was as important as the Prime Minister has made out, how is it that the New York Times did not report it in its main section? The meeting only made page 3 of the business supplement, which is usually the territory of small earthquakes in Chile. In the absence of the new Administration, it was like inviting us to watch ““Hamlet”” without the Prince. Is the Minister aware that the biggest problem facing our country is the rise in unemployment, and as fiscal stimulus is now the fashion, could she ask the Chancellor to set out how many jobs are likely to be created by a tax cut of £5 billion, £10 billion or £15 billion? If that sort of money does not create jobs, it is perhaps not the right policy. That issue has to be addressed by the Government.


Secondary information

Type
Proceeding contribution
Reference
705 c953-4 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Banks Credit Borrowing Finance Financial institutions International cooperation Fiscal policy Financial markets Monetary policy Regulation G20 World economy
Link
View this Proceeding contribution on www.publications.parliament.uk