Proceeding contribution from Lord Lawson of Blaby (Conservative) in the House of Lords on Wednesday, 10 February 2010. It occurred during Debate on bill on Fiscal Responsibility Bill.

Fiscal Responsibility Bill

Perhaps I may interrupt the noble Lord before he finishes his very full answers to everyone who has spoken, for which we are very grateful. He said a little while back that, although our deficit in the coming year is projected by the OECD to be the highest of all 28 countries, by the end of the fiscal consolidation, we will be below the average. On what basis does he make that assumption? Is he assuming that no other country is going to undertake fiscal consolidation? If so, that is totally unreasonable.

Secondary information

Type: Proceeding contribution
Reference: 717 c773
Session: 2009-10
Chamber / Committee: House of Lords chamber
Subjects: Accountability Borrowing Fiscal policy Economic situation Forecasts National income Public sector Public expenditure Public finance Public sector debt Public sector net cash requirement Standards Tax collection Treasury
Legislation: Fiscal Responsibility Bill 2009-10
Link: View this Proceeding contribution on www.publications.parliament.uk

Fiscal Responsibility Bill

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