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Proceeding contribution from Lord Ryder of Wensum (Conservative) in the House of Lords on Tuesday, 27 January 2009. It occurred during Debate on Pre-Budget Report.

Pre-Budget Report

My Lords, the Minister has mentioned the IMF. Why was it that before the PBR Statement last November the IMF warned the Government that their spending was reckless? The noble Lord has drawn our attention to those IMF views. Why did he not stress that the IMF has been saying for a long time that Britain’s public spending should be reigned in? Why was it that last November the Chancellor of the Exchequer predicted a recovery for the British economy in the third quarter of this year when the IMF was saying precisely the opposite?

Secondary information

Type
Proceeding contribution
Reference
707 c200 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Banks Credit Borrowing Fiscal policy Government assistance Financial markets Economic policy Public expenditure Loans Monetary policy Public finance Public sector debt Small businesses Taxation VAT Economic recession Stability and Growth Pact Pre-Budget report 2008
Link
View this Proceeding contribution on www.publications.parliament.uk