Proceeding contribution from Kelvin Hopkins (Labour) in the House of Commons on Tuesday, 26 April 2011. It occurred during Debate on bill on Finance (No. 3) Bill.
Finance (No. 3) Bill
Again, I agree entirely with my hon. Friend, who is making an absolutely excellent speech. There is another factor, however, driving deflation, and that is the fear of unemployment. When people are frightened of losing their jobs, they stop spending their money and try to pay off their mortgages. That is what is happening now and that is why demand will be savagely cut by this Government's policies.
Secondary information
- Type
- Proceeding contribution
- Reference
- 527 c81
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Children Alcoholic drinks Corporation tax Beer Air passenger duty Capital allowances Aggregates levy Environment protection Income tax Electricity generation Excise duties Fuels Economic growth Individual savings accounts Low incomes Northern Ireland Pensions Natural gas Nuclear power Business rates Prices Small businesses Tax allowances Tax avoidance Taxation Research Tobacco Science North Sea oil and gas Carbon emissions Bank levy National employment savings trust scheme
- Legislation
- Finance (No. 3) Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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