Proceeding contribution from Stewart Hosie (Scottish National Party) 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

The Minister has been very generous in giving way. I hope that it was a slip of the tongue when he said that there were plans to halve the national debt. Will he confirm, for the sake of accuracy, that the national debt in 2010-11 will be 65 per cent. of GDP and will rise every year until 2014-15—to 71.7 per cent., 75.4 per cent., and 77.1 per cent.—reaching £1.47 trillion, or £1.7 trillion according to the treaty calculation? Will he also confirm that the Government have precisely no plans to reduce the level of the national debt?

Secondary information

Type: Proceeding contribution
Reference: 504 c343
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

Fiscal Responsibility Bill

Secondary information

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