Proceeding contribution from David Gauke (Conservative) in the House of Commons on Tuesday, 12 May 2009. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance Bill.
Finance Bill
Thank you, Mrs. Heal. I want to argue that we could not afford the VAT cut, which was announced in the pre-Budget report. The public finances are precarious and the Government recognised that they could not afford an additional fiscal stimulus in April. As the Governor of the Bank of England said:""The fiscal position in the UK is not one that would say, 'Well, why don't we engage in another significant round of fiscal expansion?'""
Secondary information
- Type
- Proceeding contribution
- Reference
- 492 c753
- Session
- 2008-09
- Chamber / Committee
- House of Commons chamber
- Subjects
- Alcoholic drinks Companies Business Corporation tax Competition Capital investment Excise duties Business rates Public houses Tax allowances Tax avoidance Taxation VAT Tax rates and bands Trade competitiveness
- Legislation
- Finance Bill 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2024-04-21 11:47:10 +0100
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_558315
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_558315
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_558315