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Proceeding contribution from Jeremy Browne (Liberal Democrat) in the House of Commons on Wednesday, 20 January 2010. It occurred during Debate on bill and Committee of the Whole House (HC) on Fiscal Responsibility Bill.


Fiscal Responsibility Bill

My understanding of the Bill is that the deficit does not need to be cut in every year until 2014 but merely needs to be cut by half by 2014. There is then a provision for it to be cut on an annual basis for the following two years. However, it is possible, I suppose, that were Labour to be re-elected, it could dramatically cut the deficit next year and then be inactive for the following three years.


Secondary information

Type
Proceeding contribution
Reference
504 c326-7 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
Audit Banks Borrowing Fiscal policy Economic situation Economic policy Economic growth National income Public expenditure Public finance Public sector debt Taxation Economic recession
Legislation
Fiscal Responsibility Bill 2009-10
Link
View this Proceeding contribution on www.publications.parliament.uk