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Proceeding contribution from Lord Beamish (Labour) in the House of Commons on Thursday, 14 July 2011. It occurred during Debate on bill and Committee of the Whole House (HC) on Sovereign Grant Bill.

Sovereign Grant Bill

I think the Chancellor has tried to have an effect on that by, for example, putting a cap on the reserve, but does my right hon. Friend agree that it is also important to see how the reserve is spent? I said to the Chancellor that it does not take a genius or a financial wizard to work out that the way to do it is by keeping the reserve as low as possible by spending the money, so the Government's proposals will actually lead to more inefficiency, rather than driving up efficiency.

Secondary information

Type
Proceeding contribution
Reference
531 c547 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Disclosure of information Conditions of employment Accountability Accountancy Crown lands and estates Crown Estate Finance Expenditure Historic buildings Minimum wage National Audit Office Travel Repairs and maintenance Royal family Royal household Sovereign grant Committee of Public Accounts
Legislation
Sovereign Grant Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk