Proceeding contribution from Lord Lawson of Blaby (Conservative) in the House of Lords on Wednesday, 16 December 2009. It occurred during Debate on Pre-Budget Report 2009.
Pre-Budget Report 2009
My Lords, I apologise that I was unable to get to the Chamber for the first couple of minutes of the Minister’s remarks. Is he unaware that, in real life, there is a considerable time lag between the firm announcement of decisions to cut public expenditure and these public expenditure cuts taking effect? When you are talking about the timing, that needs to be taken into account. Is the Minister also not aware that there are great problems with confidence in the financial markets? Perhaps he was going to go on to discuss these. If they go wrong, it will mean a considerable burden of debt interest, even if we can finance the deficit.
Secondary information
- Type
- Proceeding contribution
- Reference
- 715 c1592
- Session
- 2009-10
- Chamber / Committee
- House of Lords chamber
- Subjects
- Business Banks Borrowing Fiscal policy Government assistance Economic policy National insurance contributions Public expenditure Public sector debt Taxation Economic recession Pre-Budget report 2009
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2025-01-23 21:05:35 +0000
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