Proceeding contribution from Kelvin Hopkins (Labour) in the House of Commons on Tuesday, 24 April 2012. It occurred during Debate on Section 5 of the European Communities (Amendment) Act 1993.
Section 5 of the European Communities (Amendment) Act 1993
I entirely agree with not submitting the report to the European Union, but is not the growth situation even worse than my hon. Friend suggests? Even as we speak, the eurozone is plunging into a deeper crisis. Because of the weakness of the euro, the pound is unfortunately strengthening against the euro, which is going to make it harder for our manufacturers to export. The Chief Secretary to the Treasury said yesterday that we needed to make even more cuts than those already planned. So far, we have experienced only about a quarter of the planned public expenditure cuts. Is not the situation far worse than my hon. Friend suggests?
Secondary information
- Type
- Proceeding contribution
- Reference
- 543 c865
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Income tax Financial markets EU action Economic and monetary union EU economic policy Economic policy Economic growth Tax rates and bands Economic recession Stability and Growth Pact Office for Budget Responsibility Budget March 2011
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 17:00:29 +0000
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