Proceeding contribution from Vincent Cable (Liberal Democrat) in the House of Commons on Wednesday, 23 November 2011. It occurred during Opposition day on Economic Growth and Employment.

Economic Growth and Employment

I can give a bit of substance in answer to that. The National Institute of Economic and Social Research, which has been critical of the Government in some respects, has done its own simulation. On the use of fiscal policy to support growth, which I think is what the Opposition plan B is all about, it says that in order to stimulate growth from 1% to 2% we would need to have a Government borrowing account of about 12% of GDP. Is that actually what the Opposition are proposing because that is what their plan B—fiscal stimulus—means?

Secondary information

Type: Proceeding contribution
Reference: 536 c332
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

Economic Growth and Employment

Secondary information

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