Proceeding contribution from William Cash (Conservative) in the House of Commons on Tuesday, 5 January 2010. It occurred during Debate on bill on Fiscal Responsibility Bill.
Fiscal Responsibility Bill
Given my earlier remarks about the true level of debt, would the hon. Gentleman be surprised to hear that aggregating the bank bail-outs—never mind the cost of the RBS-Lloyds deal that was never even disclosed—would put the actual liabilities in the region of £3.84 trillion? He has just given the figures for 1945, but that sum is equivalent to 274 per cent. of GDP.
Secondary information
- Type
- Proceeding contribution
- Reference
- 503 c85
- 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
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- 2023-12-11 10:02:36 +0000
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