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Proceeding contribution from Lord Hain (Labour) in the House of Commons on Wednesday, 30 March 2011. It occurred during Grand Committee proceedings (HC) on The Budget.


The Budget

I have to give the hon. Gentleman brownie points for trying to get out of an impossible hole. The truth is that throughout the worst banking crisis and recession since the 1930s, what we saw were Government bonds being financed at very low rates throughout that period. Indeed, the rate fell at the beginning of 2010 in the last period of our Government.


Secondary information

Type
Proceeding contribution
Reference
WGC c20 
Session
2010-12
Chamber / Committee
House of Commons Grand Committees
Subjects
Business Economic policy Public expenditure Wales Taxation Enterprise zones Budget March 2011
Link
View this Proceeding contribution on www.publications.parliament.uk