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Proceeding contribution from Vincent Cable (Liberal Democrat) in the House of Commons on Wednesday, 18 March 2009. It occurred during Opposition day on The Economy.

The Economy

The serious argument is that if we do not have a productive fiscal stimulus of some kind and do not take people out of unemployment, which is what a fiscal stimulus tries to do, the Government will then be borrowing to keep people unemployed instead of borrowing to keep them in work. A fiscal stimulus is a much better way of using the Government’s balance sheet and borrowing capacity than just allowing unemployment continue to grow—which the Government then have to continue to finance.

Secondary information

Type
Proceeding contribution
Reference
489 c959 
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