Proceeding contribution from Angela Eagle (Labour) in the House of Commons on Thursday, 28 October 2010. It occurred during Debate on Comprehensive Spending Review.
Comprehensive Spending Review
No. Public spending did not cause this deficit—the global financial crisis caused it. A large deficit is what we get when the largest financial crisis since the war hits. When companies' profits are hit, tax revenues fall.
Secondary information
- Type
- Proceeding contribution
- Reference
- 517 c517
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Cost effectiveness Government departments Economic growth Public expenditure Economic recession
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-15 13:32:22 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_674298
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