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Proceeding contribution from Lord McFall of Alcluith (Labour) in the House of Commons on Wednesday, 9 December 2009. It occurred during Ministerial statement on Pre-Budget Report.

Pre-Budget Report

It is right for the Government to use this pre-Budget report to maintain investment in the economy. The private sector is on its knees at the moment because of the banking catastrophe that we are experiencing. It is only the Government, through the help that they are giving to business and individuals, who are keeping the economy going. However, given the need in the future to cut the fiscal deficit, increase capital liquidity requirements for financial institutions, unwind the £200 billion of quantitative easing and eventually to move interest rates away from zero, will the Chancellor consider further developing a macro-economic framework to deal with those issues?

Secondary information

Type
Proceeding contribution
Reference
502 c378-9 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
Bank services Banks Income tax Financial institutions Fiscal policy Economic situation Economic policy Economic growth Inflation Forecasts Pensions National insurance contributions Public sector net cash requirement Young people Unemployment benefits Tax allowances Taxation Unemployment Retail prices index Economic recession World economy Pre-Budget report 2009
Link
View this Proceeding contribution on www.publications.parliament.uk