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Proceeding contribution from Lord Bates (Conservative) in the House of Lords on Monday, 26 July 2010. It occurred during Debate on bill on Finance Bill.


Finance Bill

I am quoting from the same rating agencies that rate government debt and sovereign debt around the world. That is what results in the prices of those debts being traded on the international money markets. The noble Lord, Lord Myners, knows better than anyone about the global flows of international finance. The rating levels are crucial to this, as we see when we look at the situation in Ireland. To stretch the small business analogy to its absolute limits, you can say that international confidence in the Government’s resolution to get to grips with the deficit is analogous to what many companies will have—


Secondary information

Type
Proceeding contribution
Reference
720 c1207 
Session
2010-12
Chamber / Committee
House of Lords chamber
Subjects
Capital gains tax Business Corporation tax Banks Annuities Development aid Income tax Financial institutions Fiscal policy Higher education Economic situation Forecasts National insurance Pensions National insurance contributions Public expenditure Monetary policy Tax rates and bands Office of Tax Simplification Public sector debt Small businesses Tax allowances Taxation VAT Students Office for Budget Responsibility Bank levy
Legislation
Finance Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk