Skip to main content

Proceeding contribution from Lord Davies of Stamford (Labour) in the House of Lords on Wednesday, 20 October 2010. It occurred during Ministerial statement on Comprehensive Spending Review.


Comprehensive Spending Review

I take it that the Government themselves acknowledge that the recovery is fragile and that, by reducing planned public expenditure and increasing taxes so drastically—the Statement rather skated over the taxes aspect—thereby taking demand out of the economy, they are taking some risk, at the very least, with that fragile recovery. In that context, was it sensible to announce the reduction of public sector jobs by 490,000 before publishing the detailed departmental plans from which, presumably, that figure was derived? As a result, not merely the holders of the 490,000 jobs but the whole public sector—millions of people and their families—will be deeply anxious about their future and will be reducing, perhaps drastically, household expenditure. That will take more demand out of the economy quite unnecessarily in a context where we require the reverse of that.


Secondary information

Type
Proceeding contribution
Reference
721 c855 
Session
2010-12
Chamber / Committee
House of Lords chamber
Subjects
Child tax credit Child benefit Counter-terrorism Disadvantaged Defence BBC Age Banks Capital investment Development aid Civil list Housing benefit Government departments Equitable Life Assurance Society NHS Pensioners Northern Ireland Police Pre-school education Local government finance Workplace pensions Public sector Public expenditure Pupils Railways Redundancy Public finance Public sector debt Scotland Social security benefits Welfare tax credits State retirement pensions Working tax credit Schools Wales Social rented housing Roads Taxation Retirement Science Security of tenure S4C BBC World Service Cuts Employment and support allowance Presbyterian Mutual Society Bank levy Green Investment Bank BBC Monitoring Pupil premium
Link
View this Proceeding contribution on www.publications.parliament.uk