Proceeding contribution from Kelvin Hopkins (Labour) in the House of Commons on Thursday, 13 January 2011. It occurred during Debate on bill on National Insurance Contributions Bill.
National Insurance Contributions Bill
I welcome what was said by my right hon. Friend the Member for Delyn (Mr Hanson), and support strongly new clause 1 and amendments 5 and 6. In the context of the current economic situation and the level of the cuts being imposed by the Government, the Bill is a relatively small reflationary measure. It is a supply-side measure, rather than the direct reflationary measure of additional spending that I would like to see. If I was in government and had £1 billion to spend—I would love that opportunity, but am unlikely to get it, at least in the short term—I would not spend it in this way. We could, for example, increase capital spending programmes in sectors such as construction and restore school building programmes. £1 billion would sustain a much larger capital programme as a measure of revenue support, so that is the direction in which I would go.
Secondary information
- Type
- Proceeding contribution
- Reference
- 521 c458
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Business Employment Finance Greater London Increases National insurance NHS National Insurance Fund Public sector National insurance contributions New businesses VAT Take-up South East East of England
- Legislation
- National Insurance Contributions Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 14:21:17 +0000
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