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Proceeding contribution from Brian Binley (Conservative) in the House of Commons on Monday, 11 October 2010. It occurred during Debate on bill on Finance (No. 2) Bill.


Finance (No. 2) Bill

If the hon. Gentleman will allow me to finish, I will allow him to intervene again. Steady down. This is about the size of the national debt and the deficit and their relationship to our AAA rating. If we had not taken the action that we did, it is likely that we would have lost that rating, which would have made all our interest costs considerably higher and the deficit massively bigger, causing the country even greater problems.


Secondary information

Type
Proceeding contribution
Reference
516 c80-1 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Corporation tax Banks Capital investment Borrowing Film Financial institutions Economic situation Public expenditure Public sector debt Small businesses Tax allowances Taxation VAT Trusts Tax rates and bands Real estate investment trusts Enterprise investment scheme
Legislation
Finance (No. 2) Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk