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
Essentially, we have a credit crunch and a monetary problem, and we believe that we should focus on monetary policy. That view is also held by, for example, Christina Romer, President Obama's chief economic adviser. The mainstream view is that monetary policy is the most effective way of tackling the problems. Given the UK's fiscal position—thanks to the Government—we do not have a realistic option.
Secondary information
- Type
- Proceeding contribution
- Reference
- 487 c617
- 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
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- 2024-04-21 09:25:22 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_525202
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