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

Comprehensive Spending Review

My Lords, I am grateful to my noble friend Lord Higgins. I will relay to my right honourable friend the Chancellor and to all the very hard-working officials in the Treasury his generous words, which confirm that this is indeed a radical, fair and comprehensive spending review. In answer to his question about demand, clearly, with the independent projections from the Office for Budget Responsibility and all the other commentators of consistent growth going forward, demand will indeed increase. The question of what role the aggregate increase in the money supply plays is one on which, as we know, the Governor of the Bank of England continues to be very much focused as he leads on the conduct of monetary policy.

Secondary information

Type
Proceeding contribution
Reference
721 c856 
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