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Proceeding contribution from David Wright (Labour) in the House of Commons on Tuesday, 6 July 2010. It occurred during Debate on bill on Finance Bill.

Finance Bill

Does my hon. Friend agree that, on the basis of the growth figures and cutbacks in public spending that he has outlined, the real danger in the Budget is not that we will see a double-dip recession—none of us wants that to happen—but that we will end up repeating the Japanese model, bumping along the bottom in terms of growth and inflation, without seeing a significant improvement in the position of the economy? That is particularly dangerous at a time when we are making savage cuts in public spending.

Secondary information

Type
Proceeding contribution
Reference
513 c291-2 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Poverty Children Corporation tax Exports Excise duties Fuels Private sector Insurance premium tax Economic growth Forecasts Low incomes Pensions Public expenditure Unemployment Rural areas Public sector debt Tax avoidance VAT Resignations Tax evasion Tax burden Building schools for the future programme Office for Budget Responsibility Budd, Alan
Legislation
Finance Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk