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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