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Proceeding contribution from Geraint Davies (Labour) in the House of Commons on Wednesday, 1 December 2010. It occurred during Grand Committee proceedings (HC) on Comprehensive Spending Review.


Comprehensive Spending Review

The recent autumn forecasts for economic growth have been massively pared down since the Conservative-coalition Budget. The current deficit is £30 billion less than was forecast in the pre-Budget report. The answer to the hon. Gentleman’s question is that there would have been more growth, and savings would have been spread out over time, so less harm would have been inflicted on communities and we would not have an extra £6 billion a year cost when unemployment goes up by a million—that is how it adds up.


Secondary information

Type
Proceeding contribution
Reference
WGC c48 
Session
2010-12
Chamber / Committee
House of Commons Grand Committees
Subjects
Public expenditure Wales
Link
View this Proceeding contribution on www.publications.parliament.uk