Proceeding contribution from Lord Tyrie (Conservative) in the House of Commons on Wednesday, 24 March 2010. It occurred during Budget debate on Budget Resolutions and Economic Situation.
Budget Resolutions and Economic Situation
Is the hon. Gentleman aware that the sum total of this year's bond issue almost exactly matches the amount that has been bought in quantitative easing by the Bank of England? Does he not therefore understand that this huge increase in the deficit has so far been absorbed, because on one day the bonds are sold in Eastcheap and on the following day they are picked up by the Bank of England in Threadneedle street?
Secondary information
- Type
- Proceeding contribution
- Reference
- 508 c286
- Session
- 2009-10
- Chamber / Committee
- House of Commons chamber
- Subjects
- Budgets Economic situation Public expenditure Taxation Budget March 2010
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2024-04-21 20:39:52 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_633544
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