Parliamentary Search

Proceeding contribution from Sammy Wilson (Democratic Unionist Party) in the House of Commons on Tuesday, 6 July 2010. It occurred during Debate on bill on Finance Bill.

Finance Bill

The hon. Gentleman makes an important point. Does he accept that debt and the ability to borrow are not simply a function of one's ability to pay, but of the perception of the exposure to debt and whether, in the long run, that debt will be manageable for borrowers? Our difficulty at present, looking at the evidence elsewhere, is that the markets are nervous about the ability of countries—even ones as stable as ours—to manage in the long run continuing increases in debt and to pay it back.

Secondary information

Type
Proceeding contribution
Reference
513 c299-300 
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