Proceeding contribution from Vincent Cable (Liberal Democrat) in the House of Commons on Wednesday, 26 November 2008. It occurred during Emergency debate on Pre-Budget Report.
Pre-Budget Report
Let me correct the right hon. and learned Gentleman; perhaps I was not clear enough in my speech. Fiscal stimulus comes from two sources: first, from the fact that people on low incomes spend a significantly higher percentage of their income than those on high incomes; and secondly, from public investment, which is over and above any redistribution in the tax system.
Secondary information
- Type
- Proceeding contribution
- Reference
- 483 c771-2
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Bank services Banks Credit Budgets Borrowing Investment Financial markets Economic situation Guarantees National income National insurance contributions Public expenditure Loans Public sector debt Taxation VAT World economy Pre-Budget report 2008
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2025-01-22 21:06:50 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_512390
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