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Proceeding contribution from Chris Huhne (Liberal Democrat) in the House of Commons on Wednesday, 26 November 2008. It occurred during Emergency debate on Pre-Budget Report.

Pre-Budget Report

The numbers suggest that the debt position is not as alarming as the right hon. Gentleman says. The current public sector net debt is 36.3 per cent. of GDP. In the last year of the Government of which he was a member, it was actually 42.5 per cent. Is he saying that circumstances today are so different from the circumstances that the right hon. and learned Member for Rushcliffe (Mr. Clarke) inherited, with a fiscal expansion under that Government of 3 per cent. of GDP between 1990 and 1993-94?

Secondary information

Type
Proceeding contribution
Reference
483 c778-9 
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