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Proceeding contribution from David Gauke (Conservative) in the House of Commons on Monday, 2 February 2009. It occurred during Opposition day on Government Capital Expenditure.

Government Capital Expenditure

I am grateful to the hon. Gentleman for noting our consistency. I have to say that there has been a pretty dramatic change since 10 November, and I remind the House that, during the debate from which I quoted, the hon. Member for Twickenham said:"““Government borrowing ultimately has to be paid for—it is deferred taxation or inflation, and that is not a satisfactory way forward either.””" We share that view. I think that the hon. Gentleman shares that view in the context of tax cuts, but not in the context of public works.

Secondary information

Type
Proceeding contribution
Reference
487 c615 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Banks Construction Capital investment Housing Finance Fiscal policy Economic situation International Monetary Fund Public expenditure Schools Economic recession
Link
View this Proceeding contribution on www.publications.parliament.uk