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 point that I was making, which I think the hon. Gentleman accepts, is that the basis of economic success over the past 12 years was flimsy. The case that he seems to be making is that the response to the recession must not be equally flimsy. In other words, if we invest in infrastructural improvement, we can shorten the recession and make it more shallow, but if our response to it is flimsy, like the one in the USA which he described, the recovery is likely also to be temporary.

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

Amendment of the law

Secondary information

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