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Proceeding contribution from Chuka Umunna (Labour) in the House of Commons on Wednesday, 23 November 2011. It occurred during Opposition day on Economic Growth and Employment.


Economic Growth and Employment

With the greatest respect to the hon. Gentleman, the reason the Monetary Policy Committee has set out interest rates so low is that we are struggling to find growth in this country. Without growth, we will be unable to reduce our borrowing. Our not being in the eurozone is another reason we are able to adopt lower interest rates.


Secondary information

Type
Proceeding contribution
Reference
536 c322 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Business Banks Finance Economic growth Pay Young people Trade Taxation Unemployment Regional Growth Fund BRIC countries
Link
View this Proceeding contribution on www.publications.parliament.uk