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


Finance Bill

In an earlier response to me, the hon. Gentleman said that the NIESR was interested in a second fiscal stimulus. That may well be so, but it also said today that if Britain's national debt were reduced to 40 per cent. of gross domestic product by 2023, to comply with the golden rule of the then Chancellor—now Prime Minister—even bigger tax rises and/or spending cuts would be needed. What is the hon. Gentleman's view about that statement?


Secondary information

Type
Proceeding contribution
Reference
492 c252 
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