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Proceeding contribution from William Cash (Conservative) 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

I want to add one point, which I tried to make in an intervention. I am not easily put off. Clause 2(6) states:""A duty imposed by an order under this section must be consistent with the key principles as applied by the code for fiscal stability."" It is impossible for the objective that the hon. Member for Dundee, East (Stewart Hosie) wisely advocated—that there should be a proper report—to be achieved in line with those principles unless, under the code for fiscal stability, there is a definition of net debt. We have been over all that so we do not need to go into it again, but the internal contradictions and the combustible apparatus that the Government have created will blow up in their face. However, we need not go any further down that route for the time being, as there are other matters to be discussed.


Secondary information

Type
Proceeding contribution
Reference
504 c369 
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