Proceeding contribution from Toby Perkins (Labour) in the House of Commons on Thursday, 24 June 2010. It occurred during Budget debate on Budget debate.
Capital Gains Tax (Rates)
What he was probably referring to was 11 years of stable economic growth. What he did not foresee was that we would be hit by the biggest global economic crisis for more than 80 years. Of course, nobody foresaw that. There were no Conservative Members suggesting that the ways in which our banks were regulated would lead to the economic crisis. To pretend that you knew that that was coming or that the deficit that has been built up is somehow irrelevant to that is just ludicrous, and no one believes you, so you really must stop trying to treat people like fools when you say that the deficit that has been created was something that happened just because we had a Labour Government—
Secondary information
- Type
- Proceeding contribution
- Reference
- 512 c518
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Bank services Climate change Capital investment Housing Environment protection Government assistance Economic situation Economic growth Forecasts National income Public expenditure Pollution control Public sector debt Standards Taxation VAT Institute for Fiscal Studies Office for Budget Responsibility Bank levy Sheffield Forgemasters Budget June 2010
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-15 17:11:21 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_649085
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