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Proceeding contribution from Robert Syms (Conservative) in the House of Commons on Wednesday, 30 November 2011. It occurred during Opposition day on Living Standards.


Living Standards

At the end of the Labour period in office, when the first financial storms hit us in 2007, it was clear that the country was, at that point, living beyond its means. It had a deficit of about 3% of GDP, while at the same time the Germans had a surplus. Then we hit all the problems of the banking collapse. The hon. Member for York Central (Hugh Bayley) was right: thank God Britain had a low debt level of gross domestic product because that allowed the Government—


Secondary information

Type
Proceeding contribution
Reference
536 c1012-3 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Children Disadvantaged Benefits rules Women Families Economic situation Personal income Low incomes Poverty Public expenditure Low pay Public finance Welfare tax credits Taxation Unemployment Standard of living Cuts
Link
View this Proceeding contribution on www.publications.parliament.uk