Skip to main content

Proceeding contribution from David Gauke (Conservative) in the House of Commons on Tuesday, 20 July 2010. It occurred during Debate on bill on Finance Bill.


Finance Bill

If that is the point that the right hon. Gentleman is getting at, I must point out what the OBR made very clear in the Red Book. That point is that it is misleading to make a straight comparison between the growth figures that were projected on the basis of market expectations of interest rates, which were lower as a consequence of the anticipated fiscal tightening that this Government promised to deliver and that we have delivered, and the forecasts that do not take that into account. That is a point that we have gone over a number of times. The OBR said that such comparisons were potentially misleading, so if that idea is what is driving the right hon. Gentleman's queries, I must point out to him that the OBR would not accept that.


Secondary information

Type
Proceeding contribution
Reference
514 c194 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Annuities Economic situation Economic growth Forecasts Pensions Public sector Public expenditure Unemployment Public sector debt Tax allowances Taxation VAT Uprating Cuts Office for Budget Responsibility
Legislation
Finance Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk