Proceeding contribution from Andrew Love (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
An important point has to be made here. I think that the public will agree with the view of Government Members and some Opposition Members that if we were to cut off the fiscal stimulus, the best that could be expected is that it would undermine future growth prospects, increasing our deficit. The worst-case scenario, however, is that it would throw us into a double-dip recession. Either way, we will increase the amount of debt that we have to fund into the future.
Secondary information
- Type
- Proceeding contribution
- Reference
- 504 c365
- 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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- Timestamp
- 2023-12-11 10:03:11 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_612245
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