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Proceeding contribution from Lord Field of Birkenhead (Labour) in the House of Commons on Tuesday, 5 January 2010. It occurred during Debate on bill on Fiscal Responsibility Bill.


Fiscal Responsibility Bill

I accept that, but we face something far more immediate than that, as I tried to make plain in my intervention on the shadow Chancellor. We keep hearing contributions in this place that sound as though we are now in charge of our affairs and our future, but we are mere pawns on the chessboard of the credit agencies and the bond market. It is to their tune, sadly, that we now have to dance. My worry is that even in the next few months we are going to have difficulty in floating the amount of debt required to see us up to and through the election, let alone the next umpteen years.


Secondary information

Type
Proceeding contribution
Reference
503 c82 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
Accountability Borrowing Fiscal policy Economic situation Forecasts National income Public sector Public expenditure Public finance Public sector debt Public sector net cash requirement Standards Tax collection Treasury
Legislation
Fiscal Responsibility Bill 2009-10
Link
View this Proceeding contribution on www.publications.parliament.uk