Proceeding contribution from Hugh Bayley (Labour) in the House of Commons on Monday, 5 March 2012. It occurred during Opposition day on Living Standards.

Living Standards

Does the Minister not recall that, at the time the coalition came to power, interest rates were extremely low and had been for a long time? Our policy at the time of the banking crisis did not therefore create high interest rates. Will he also remind us what the national debt was at the time of the election? I think that it was between £700 billion and £800 billion, whereas it is now more than £1 trillion for the first time in our history, and that is because of this Government's poor economic growth.

Secondary information

Type: Proceeding contribution
Reference: 541 c647
Session: 2010-12
Chamber / Committee: House of Commons chamber
Subjects: Children Child benefit Disadvantaged Benefits rules Women Families Economic situation Personal income Low incomes Poverty Public expenditure Low pay Public finance Welfare tax credits Working tax credit Taxation Unemployment Standard of living Cuts
Link: View this Proceeding contribution on www.publications.parliament.uk

Living Standards

Secondary information

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