Proceeding contribution from Denis MacShane (Independent (affiliation)) in the House of Commons on Tuesday, 6 December 2011. It occurred during Debate on The Economy.
The Economy
In the 1930s, interest rates were close to zero, as they were in Japan in the 1990s. Arguably, that increases indebtedness because if people can borrow massively without having to pay serious interest rates, they might run up debts. I am just gently saying that the idea that one factor can explain the problem and that we should focus on that is wrong. We need a holistic approach.
Secondary information
- Type
- Proceeding contribution
- Reference
- 537 c243
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Children Disclosure of information Banks Women Finance Families Incentives Interest rates Economic situation Economic and monetary union Economic growth Inflation Forecasts Low incomes Pay Poverty Managers Mortgages Loans Regulation Unemployment Treasury Cuts Office for Budget Responsibility
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-15 14:31:41 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_792234
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