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Proceeding contribution from Ed Balls (Labour) in the House of Commons on Monday, 16 April 2012. It occurred during Debate on bill on Finance (No. 4) Bill.

Finance (No. 4) Bill

I think I agree with hon. Gentleman on that point. As I understand it, he is saying that he agrees with the point made earlier in the year by—I believe—Standard & Poor's, which said that austerity by itself does not work and can become self-defeating if it leads to higher unemployment, slower growth, and therefore to higher spending, fewer taxes, and therefore higher deficits. Is that his point?

Secondary information

Type
Proceeding contribution
Reference
543 c53 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Child benefit Alcoholic drinks Charities Business Corporation tax Banks Caravans Air passenger duty Housing Donors Income tax Excise duties Fuels Fiscal policy Economic situation Foreign companies Pension credit Personal income Pensioners Low incomes Pensions Prices Welfare tax credits Small businesses Tax allowances Tax avoidance Taxation VAT Stamp duties Tax rates and bands Stamp duty land tax Age allowances
Legislation
Finance Bill 2010-12 to 2012-13
Link
View this Proceeding contribution on www.publications.parliament.uk