Proceeding contribution from Lord Myners (Labour) in the House of Lords on Monday, 22 November 2010. It occurred during Debate on bill on Finance (No. 2) Bill.

Finance (No. 2) Bill

My Lords, I come back to a point made in an earlier debate when I asked the Minister whether the differential between UK and US bond rates has widened or narrowed since 11 May. At the time, he shook his head, indicating that they had narrowed. In fact, as he has now been obliged to cover in a Written Answer, they have actually widened. The Government can claim no credit for the reduction in interest rates. It is a global phenomenon and, if anything, the risk to the UK economy is deemed by financial investors to have increased since 11 May, rather than decreased.

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Type: Proceeding contribution
Reference: 722 c974-5
Session: 2010-12
Chamber / Committee: House of Lords 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

Finance (No. 2) Bill

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