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Proceeding contribution from Lord Hammond of Runnymede (Conservative) in the House of Commons on Wednesday, 6 May 2009. It occurred during Debate on bill on Finance Bill.

Finance Bill

The hon. Gentleman has just accused the Opposition of talking the economy down, but he keeps going on about this £175 billion. I am the last person to want to talk down the scale of the Government's debt problem, but when we come to address it in future fiscal policy will he acknowledge that a significant part of it—in fact, the majority—is a cyclical deficit? If we are going to have a serious debate, we need to address the £50-odd billion of structural deficit that will survive the recovery.

Secondary information

Type
Proceeding contribution
Reference
492 c213 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Children Alcoholic drinks Business Corporation tax Credit Bingo Borrowing Finance Income tax Excise duties Fuels Gaming Government assistance Economic growth Forecasts Personal savings Poverty Pensions Public expenditure Scotland Tax allowances Tax avoidance Taxation VAT Trusts Tax rates and bands Tax evasion North Sea oil Trade competitiveness Marginal tax rates
Legislation
Finance Bill 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk