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Proceeding contribution from George Osborne (Conservative) in the House of Commons on Wednesday, 18 March 2009. It occurred during Opposition day on The Economy.


The Economy

That was a staggeringly poor intervention. First, the Leader of the Opposition said that the economy had not been growing for a year, and I think the hon. Gentleman will find that there was zero growth in the second quarter of last year. Secondly, if he wishes to trade quotations of what was said during Prime Minister’s Question Time, I point out that the Prime Minister said that America had entered the recession before the United Kingdom, and it experienced positive growth in the second quarter of last year. No doubt the hon. Gentleman will be writing to his right hon. Friend to correct him as well. The case we will make today is simple: the schemes are not working and the Government have not faced up to the fundamental flaws in their model of economic growth.


Secondary information

Type
Proceeding contribution
Reference
489 c931 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Debts Business Banks Advisory services Borrowing Finance Financial services Financial institutions Government departments Income Government assistance Financial markets Government shareholding Economic situation Pay Public expenditure Mortgages Pension funds Monetary policy Regulation Taxation VAT Unemployment Government guaranteed credit Loan guarantee scheme
Link
View this Proceeding contribution on www.publications.parliament.uk