Proceeding contribution from Lord Tyrie (Conservative) in the House of Commons on Wednesday, 6 May 2009. It occurred during Debate on bill on Finance Bill.
Finance Bill
Is the hon. Gentleman aware that the examples that he cited are from federal countries, which have an injunction on their relevant states to balance the budget over any calendar year, and therefore a very high proportion of the fiscal stimulus has to come from the centre? It is perfectly sensible and reasonable for America, for example, to run a larger fiscal stimulus, whereas in a country such as ours, where that injunction does not exist because we are centralised, the automatic stabilisers can do all the work.
Secondary information
- Type
- Proceeding contribution
- Reference
- 492 c235
- 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
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- 2024-04-21 23:43:04 +0100
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