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Proceeding contribution from George Osborne (Conservative) in the House of Commons on Tuesday, 29 November 2011. It occurred during Ministerial statement on Autumn Statement.

Autumn Statement

My hon. Friend is right. Low interest rates are helping to keep people in their homes, mortgage payments down and businesses going. If hon. Members want to know what the alternative would be, they should look across the Channel to European countries in the middle of the debt storm, with interest rates going up. We can see that is a path that we must avoid, but we will only do so if we do not follow the policies advocated by that lot opposite.

Secondary information

Type
Proceeding contribution
Reference
536 c828 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Business Development aid Borrowing Health and safety Energy Infrastructure Excise duties Fuels Government assistance Economic situation Forecasts National income Pre-school education Pay Workplace pensions Planning Public sector Public expenditure Mortgages Railways Loans Public finance Public sector debt Social security benefits State retirement pensions Schools Young people Transport Taxation Unemployment Science Economic recession Autumn statement Office for Budget Responsibility Bank levy
Link
View this Proceeding contribution on www.publications.parliament.uk