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Proceeding contribution from Liam Byrne (Labour) in the House of Commons on Thursday, 7 January 2010. It occurred during Debate on Pre-Budget Report.

Pre-Budget Report

The hon. Gentleman is enormously kind in giving way. Does he acknowledge that Standard and Poors have said:""We believe that the ratings on the UK continue to be supported by its wealthy, diversified economy"?" He will also recognise that Fitch said "The UK's triple A rating remains supported by its high value added, diversified economy." He will recognise, too, that Moody's has said that "the outlook for the UK Government is stable. Her Majesty's Government is deemed a resilient triple A issuer." The hon. Gentleman's presentation would be incomplete without such an acknowledgement. Would it not be incomplete, too, without an acknowledgement of the Governor of the Bank of England's growth forecast for 2010-11 of 4.1 per cent., which is much higher than the rate the Chancellor offered?

Secondary information

Type
Proceeding contribution
Reference
503 c313 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
Budgets Economic situation Forecasts Public expenditure Taxation Economic recession Pre-Budget report 2009
Link
View this Proceeding contribution on www.publications.parliament.uk