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Proceeding contribution from John Hayes (Conservative) in the House of Commons on Thursday, 23 April 2009. It occurred during Budget debate on Amendment of the law.


Amendment of the law

The hon. Gentleman is making a studious argument and he is right. Does he accept that growth over the last 12 years was predicated on two bases—first, borrowing, both Government and personal; and, secondly, state or Government spending—and given that neither will apply, the economy cannot possibly bounce out of the recession in the way the hon. Gentleman describes?


Secondary information

Type
Proceeding contribution
Reference
491 c443 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Debts Banks Credit Budgets Finance Financial institutions Economic situation Economic growth Forecasts National income Public expenditure Loans Regulation Economic recession Taxation Budget April 2009 World economy
Link
View this Proceeding contribution on www.publications.parliament.uk