Proceeding contribution from Andrew Griffiths (Conservative) in the House of Commons on Monday, 14 February 2011. It occurred during Debate on bill on Budget Responsibility and National Audit Bill [Lords].

Budget Responsibility and National Audit Bill [Lords]

I have been listening to the hon. Lady's analogy. She does not like talk of the credit card being maxed out, and thinks it more akin to taking on a mortgage to purchase a home. Does she not agree, however, that having to pay £120 million a day in interest alone is actually more akin to using a credit card to pay the mortgage every month?

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Type: Proceeding contribution
Reference: 523 c777
Session: 2010-12
Chamber / Committee: House of Commons chamber
Subjects: Fiscal policy Economic situation Economic policy Forecasts National Audit Office Public finance Public sector debt Office for Budget Responsibility
Legislation: Budget Responsibility and National Audit Bill (HL) 2010-12
Link: View this Proceeding contribution on www.publications.parliament.uk

Budget Responsibility and National Audit Bill [Lords]

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