Proceeding contribution from Baroness Clark of Kilwinning (Labour) 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 hon. Gentleman has quoted a number of people who have no doubt made statements for their own reasons, but does he accept that many other economists and financial institutions do not take the same view? For example, HSBC's global head of fixed income strategy has said that the chance of the UK's defaulting on its debt is zero. Does the hon. Gentleman not accept that the repeated accusation from the Opposition Benches is ill founded, that we are at no risk of losing our triple A status, and that Britain is still very stable? Does he not accept that by continually trying to run Britain down and suggest that our economic position is worse than it is, Opposition Members are doing no service to anyone?
Secondary information
- Type
- Proceeding contribution
- Reference
- 504 c363
- 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
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- 2023-12-11 10:03:08 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_612237
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