Proceeding contribution from Alec Shelbrooke (Conservative) in the House of Commons on Tuesday, 13 July 2010. It occurred during Committee of the Whole House (HC) and Debate on bill on Finance Bill.
Finance Bill
The hon. Gentleman mentions the banks, and there is no doubt that they had problems, but the fact is that this country was borrowing beyond its GDP during the boom years. Countries such as Sweden put 2% of their GDP aside and Australia paid off its national debt, leaving those countries in a far stronger position to tackle the recession when it came. Everybody accepts that the banking crisis caused problems, but they were exacerbated by the actions of the previous Government.
Secondary information
- Type
- Proceeding contribution
- Reference
- 513 c853
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Poverty Charities Exemptions Excise duties Fuels Economic situation Pensioners Low incomes Rural areas Taxation VAT Rescue services Tax burden Sunset clauses
- Legislation
- Finance Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2026-05-06 09:32:23 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_655067
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