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Debate on Thursday, 7 January 2010, in the House of Commons, led by Liam Byrne. The answering member was Lord Hammond of Runnymede.

Pre-Budget Report

Debate on a motion that this House has considered the matter of the Pre-Budget Report. (Relevant documents: Treasury Select Committee fourth report of session 2009-10,HC 180, and the Joint Committee on Human Rights third report of session 2009-10, HC 184).

Secondary information

Type
Parliamentary proceeding
Reference
503 c298-382 
Session
2009-10
Department
Treasury
Chamber / Committee
House of Commons chamber
Related items
Proceeding contributions
Liam Byrne | 503 c302 (Link to this contribution) Youth unemployment, in my view, is too high, but the hon. Gentleman will recognise that something li...
Lord Tyrie | 503 c298 (Link to this contribution) Will the right hon. Gentleman give way?
Show all contributions (197)
Liam Byrne | 503 c298 (Link to this contribution) I beg to move,"That this House has considered the matter of the Pre-Budget Report." I welcome the c...
Liam Byrne | 503 c301-2 (Link to this contribution) I will address this point before I give way. The pre-Budget report set out plans to rebalance our e...
Nicholas Winterton | 503 c301 (Link to this contribution) I want the Government's plans to succeed and the economy to grow, but will the Minister now deal wit...
Liam Byrne | 503 c301 (Link to this contribution) My hon. Friend is absolutely right. The fact that unemployment is so much lower now is a result of m...
Philip Hollobone | 503 c299-300 (Link to this contribution) It is not only the Opposition who are questioning the Government's debt reduction plans. The bond ma...
Greg Hands | 503 c299 (Link to this contribution) I want to ask the Minister about the exchange on this subject during Prime Minister's Questions yest...
Liam Byrne | 503 c306 (Link to this contribution) I am following the hon. Gentleman's remarks with great interest, and I am grateful to him for giving...
Liam Byrne | 503 c305 (Link to this contribution) I apologise for mis-speaking earlier, but the point I was making is that the plan we have presented ...
Stewart Hosie | 503 c304 (Link to this contribution) Given that the earlier intervention was not answered at all satisfactorily, the Chief Secretary must...
Liam Byrne | 503 c304 (Link to this contribution) I am trying to avoid taking the House through what would be a quite complicated economic equation, w...
Lord Hammond of Runnymede | 503 c306 (Link to this contribution) I will, but then I must make some progress.
Kelvin Hopkins | 503 c306 (Link to this contribution) The Conservatives are constantly harping on about borrowing and debt, but the truth is that our gros...
Kelvin Hopkins | 503 c306 (Link to this contribution) Will the hon. Gentleman give way?
Liam Byrne | 503 c307 (Link to this contribution) I am enormously grateful to the hon. Gentleman. He will know that our projection is a reduction in t...
Lord Hammond of Runnymede | 503 c307 (Link to this contribution) Very briefly; then I must make some progress.
Liam Byrne | 503 c307 (Link to this contribution) Will the hon. Gentleman give way?
Lord Hammond of Runnymede | 503 c307 (Link to this contribution) I will, but then I must make some progress.
William Cash | 503 c307 (Link to this contribution) We seem to be going in circles. Does my hon. Friend agree that, contrary to the assertion made by th...
Lord Hammond of Runnymede | 503 c307-8 (Link to this contribution) My hon. Friend has made a good point, although it is a slightly different point from the one that th...
Kelvin Hopkins | 503 c308 (Link to this contribution) I thank the hon. Gentleman for giving way again. Is it not the case that the massive cuts proposed b...
Paul Farrelly | 503 c309 (Link to this contribution) The reality is that the so-called golden legacy was an accidental consequence of sterling's ejection...
Andrew Pelling | 503 c309 (Link to this contribution) Will the hon. Gentleman give way?
Lord Hammond of Runnymede | 503 c310 (Link to this contribution) I will in a minute. I must make a bit of progress and then I will give way to a few more Members.
Lord Wilson of Sedgefield | 503 c309 (Link to this contribution) The Government say that we will cut the deficit over four years. Under the Tory policy, how long wou...
Lord Hammond of Runnymede | 503 c309 (Link to this contribution) I have indicated to the hon. Gentleman that we would expect to start the process of cutting the defi...
Liam Byrne | 503 c302 (Link to this contribution) Let me deal with the points about bonds, which were raised by the hon. Member for Kettering (Mr. Hol...
Liam Byrne | 503 c298 (Link to this contribution) I am grateful to my hon. Friend for bringing page 24 of The Guardian to the House's attention. I wil...
Liam Byrne | 503 c298-9 (Link to this contribution) I will give way in a moment. The first objective of our policy as set out in the pre-Budget report ...
Lord Hammond of Runnymede | 503 c302 (Link to this contribution) The Minister has moved swiftly on from the question that the hon. Member for Halton (Derek Twigg) as...
Liam Byrne | 503 c301 (Link to this contribution) I am going to ask for the hon. Gentleman's patience for just a minute or two longer while I make one...
Derek Twigg | 503 c301 (Link to this contribution) I received some figures this morning from my local authority. They show that, in August 1985, the yo...
Liam Byrne | 503 c300-1 (Link to this contribution) That is an important point that I will address directly in a moment. First, let me return to the qu...
Liam Byrne | 503 c299 (Link to this contribution) Let me explain that in detail in a moment. It is fair to say that the Conservatives have questioned...
Lord Hammond of Runnymede | 503 c320-1 (Link to this contribution) For the hon. Gentleman to shake his head is simply disingenuous. On the big test of the PBR—that is...
Justine Greening | 503 c321 (Link to this contribution) On that point, does my hon. Friend agree that many of the couple of hundred thousand—no doubt, young...
Lord Hammond of Runnymede | 503 c321 (Link to this contribution) I am sure that my hon. Friend is absolutely right. She has identified just one of the many groups wh...
Liam Byrne | 503 c313 (Link to this contribution) The hon. Gentleman is enormously kind in giving way. Does he acknowledge that Standard and Poors hav...
Lord Hammond of Runnymede | 503 c313 (Link to this contribution) I predicted the last bit of that intervention, and I am happy to agree with the first bit: I am extr...
Frank Dobson | 503 c312 (Link to this contribution) I said—ironically, of course—that I was most impressed by these qualified commentators, and, as usua...
Lord Hammond of Runnymede | 503 c312 (Link to this contribution) I shall give way first to the right hon. Member for Holborn and St. Pancras (Frank Dobson).
Lord Hammond of Runnymede | 503 c313 (Link to this contribution) I shall give way to the Chief Secretary.
Lord Hammond of Runnymede | 503 c313 (Link to this contribution) Clearly, there is nothing like a financial crisis to bring the old dinosaurs out of their caves—and ...
Lord Hammond of Runnymede | 503 c312 (Link to this contribution) I know what the Chief Secretary wants to say now; he wants to talk about the Bank of England. The fo...
Derek Twigg | 503 c317 (Link to this contribution) I regularly hear the right hon. Member for Witney (Mr. Cameron) saying to the press that he is being...
Lord Hammond of Runnymede | 503 c317 (Link to this contribution) We have made this point emphatically and repeatedly: we will make an earlier start than the Governme...
Liam Byrne | 503 c316 (Link to this contribution) Let me deal with the hon. Gentleman's second point first. I have set out clearly in my presentation ...
Lord Hammond of Runnymede | 503 c316 (Link to this contribution) So, as I said, we are expected to believe that it is possible to be absolutely precise about the pro...
Lord Hammond of Runnymede | 503 c314-6 (Link to this contribution) I am going to make a bit of progress before I give way. At the time of the pre-Budget report, the C...
Lord Hammond of Runnymede | 503 c314 (Link to this contribution) The right hon. Gentleman has, in fact, very neatly made my point for me, because in both cases the p...
Michael Meacher | 503 c314 (Link to this contribution) Several minutes ago, the hon. Gentleman said that it was a mainstream view that there should be a re...
Lord Hammond of Runnymede | 503 c314 (Link to this contribution) It is very clear that the increase in national insurance tax will have a negative impact on the capa...
Brooks Newmark | 503 c314 (Link to this contribution) In the plethora of quotes my hon. Friend gave us from the outside experts, one of the key points to ...
Lord Hammond of Runnymede | 503 c313 (Link to this contribution) If my hon. Friend will wait a moment, I shall come on to a part of my speech that deals specifically...
Jeremy Browne | 503 c318 (Link to this contribution) I am grateful to the hon. Gentleman for giving way. Will he clarify a point in his position that I d...
Lord Hammond of Runnymede | 503 c318 (Link to this contribution) I would not presume to give the hon. Gentleman a lesson in economics, but it seems to me that the po...
Andrew Pelling | 503 c318 (Link to this contribution) Will the hon. Gentleman give way?
Lord Hammond of Runnymede | 503 c318 (Link to this contribution) I am going to have to do so eventually, so I shall do it now.
Andrew Pelling | 503 c318 (Link to this contribution) As the hon. Gentleman is surely going to be in charge of these issues in May, how will he approach t...
Lord Hammond of Runnymede | 503 c317 (Link to this contribution) What matters at the moment is what is going to happen immediately. We have made it very clear that w...
Derek Twigg | 503 c317 (Link to this contribution) With respect, the hon. Gentleman has just talked about clarity, openness and honesty, so, given that...
Lord Hammond of Runnymede | 503 c317-8 (Link to this contribution) I have to make a little progress or there will not be any time left for the rest of the debate. If ...
Lord Hammond of Runnymede | 503 c318 (Link to this contribution) I shall give way one more time, then I must finish.
Sally Keeble | 503 c319 (Link to this contribution) The hon. Gentleman has been very fond of quoting the Treasury Committee's report. Will he acknowledg...
Lord Hammond of Runnymede | 503 c320 (Link to this contribution) The hon. Gentleman will recall that it was the leader of my party who first told the public that cut...
Lord Hammond of Runnymede | 503 c320 (Link to this contribution) The facts are right, but that has happened precisely because of the intervention that has been made ...
Sally Keeble | 503 c319 (Link to this contribution) Will the hon. Gentleman give way?
Lord Hammond of Runnymede | 503 c319 (Link to this contribution) No, I shall definitely make some progress. I have talked about the markets, and it is important to ...
Paul Farrelly | 503 c319 (Link to this contribution) Will the hon. Gentleman give way one final time?
Lord Hammond of Runnymede | 503 c318-9 (Link to this contribution) I am grateful to the hon. Gentleman for his vote of confidence. Of course, sending a signal to the m...
Lord Hammond of Runnymede | 503 c319 (Link to this contribution) I shall in a moment, because the hon. Lady has not intervened before. However, let me make a bit mor...
Lord Hammond of Runnymede | 503 c305-6 (Link to this contribution) I shall try to match the Chief Secretary's brevity, although I came prepared for Members of the Hous...
Lord Hammond of Runnymede | 503 c305 (Link to this contribution) I wonder whether part of the disagreement between us is definitional. The Chief Secretary has said t...
Lord Hammond of Runnymede | 503 c306 (Link to this contribution) It sounds as though the Chief Secretary has not been listening over the last few months. We have con...
Lord Hammond of Runnymede | 503 c307 (Link to this contribution) I am afraid that I am not going to oblige the Chief Secretary. In fact, I think I will adopt the str...
Lord Hammond of Runnymede | 503 c306-7 (Link to this contribution) I think that if anyone is running policy for electoral advantage, it is to the Chief Secretary that ...
Lord Hammond of Runnymede | 503 c309 (Link to this contribution) We come to the crux of the disagreement between us and the Government. If there were no factors othe...
Lord Hammond of Runnymede | 503 c308 (Link to this contribution) I wonder whether the hon. Gentleman has made a mistake, and intended to address that question to the...
Lord Hammond of Runnymede | 503 c308-9 (Link to this contribution) I will give way in a moment. The fact is that this Government are being driven not by the needs of ...
Michael Meacher | 503 c310 (Link to this contribution) Will the hon. Gentleman give way?
Lord Hammond of Runnymede | 503 c310 (Link to this contribution) I want to make a bit of progress and then I will happily give way again in a few moments. The Chief ...
Lord Hammond of Runnymede | 503 c310 (Link to this contribution) I will give way in a moment. This is how the Institute for Fiscal Studies summed up the situation:"...
Frank Dobson | 503 c310 (Link to this contribution) The hon. Gentleman quoted someone from Citigroup as a person we should take seriously. Would the hon...
Lord Hammond of Runnymede | 503 c310 (Link to this contribution) The right hon. Gentleman makes his point. Mark Schofield and Michael Saunders, whom I shall quote la...
Andrew Pelling | 503 c310 (Link to this contribution) Will the hon. Gentleman give way?
Lord Hammond of Runnymede | 503 c310-1 (Link to this contribution) I will not at the moment. The pre-Budget report was, as I said, the Government's last chance to tur...
Frank Dobson | 503 c311 (Link to this contribution) Will the hon. Gentleman give way?
Lord Hammond of Runnymede | 503 c312 (Link to this contribution) I will give way to the right hon. Gentleman shortly, after I have finished reading out these reactio...
Lord Hammond of Runnymede | 503 c312 (Link to this contribution) I shall give way first to the hon. Member for Taunton (Mr. Browne).
Jeremy Browne | 503 c312 (Link to this contribution) The Government's deficit reduction plan relies on increased taxation, reduced public spending and, c...
Lord Hammond of Runnymede | 503 c312 (Link to this contribution) It is clear from what I have just said that the qualified commentators' view is that the Government'...
Liam Byrne | 503 c304 (Link to this contribution) I seem to remember that the hon. Gentleman intervened on the Chancellor earlier in the week, so it w...
Speaker | 503 c304 (Link to this contribution) Order. I am sorry to interrupt the right hon. Gentleman, but the hon. Member for Stone (Mr. Cash) sh...
Liam Byrne | 503 c304 (Link to this contribution) The hon. Gentleman asks me to go further than the Chancellor's position, which was set out—
Liam Byrne | 503 c304 (Link to this contribution) Thank you, Mr. Deputy Speaker.
Liam Byrne | 503 c303 (Link to this contribution) No, indeed. In fact, the full answer from the Governor of the Bank of England on this question paint...
Andrew Pelling | 503 c303 (Link to this contribution) Because of the impact on the economy, I applaud the Government's cautious approach towards reducing ...
Liam Byrne | 503 c303 (Link to this contribution) Before I conclude, I will give way to hon. Members.
William Cash | 503 c303-4 (Link to this contribution) The Treasury Select Committee criticised the temporary operating rule, which in turn, in line with t...
Liam Byrne | 503 c303 (Link to this contribution) The growth forecasts that we have set out are the basic answer to that question. There is, of course...
Liam Byrne | 503 c332 (Link to this contribution) The hon. Gentleman will accept that a judgment has been made about the right level of deficit in the...
Vincent Cable | 503 c332-3 (Link to this contribution) I am sure that that is right: the extent and timing of the fiscal contraction have to reflect the st...
Edward Leigh | 503 c333 (Link to this contribution) While we are on the subject of high salaries, does the hon. Gentleman agree that the public sector m...
Vincent Cable | 503 c333 (Link to this contribution) Indeed, I think I was the first person to advocate that, and I am certainly willing to go along with...
Andrew Pelling | 503 c333 (Link to this contribution) When considering the performance of the banks, is it also important to focus on how the additional l...
Vincent Cable | 503 c333-4 (Link to this contribution) Yes, although I think the hon. Gentleman is making several different points. The short-term interven...
William Cash | 503 c334 (Link to this contribution) In the light of the disaster that we have just experienced on the economic front with the banks, jus...
Vincent Cable | 503 c334 (Link to this contribution) That is exactly the idea being promoted. The problem that we start from is that it is not now possib...
Frank Dobson | 503 c334-5 (Link to this contribution) Once again, the Tory party appears to be in full swing in its campaign to convince the people of thi...
Lord Hammond of Runnymede | 503 c335 (Link to this contribution) Just for clarification, may I remind the right hon. Gentleman that not one penny of the deficit proj...
Lord McFall of Alcluith | 503 c327-8 (Link to this contribution) The hon. Gentleman should take his colleague, the hon. Member for Windsor, for a quiet tutorial and ...
Vincent Cable | 503 c328 (Link to this contribution) Perhaps I can anticipate the hon. Gentleman's intervention. I know he believes that there is a measu...
William Cash | 503 c328-9 (Link to this contribution) The figures on which I rely are from the Office for National Statistics, and indeed the researchers ...
Vincent Cable | 503 c328 (Link to this contribution) We have had two debates on the economy this week. I judged, wrongly, that this would be the centre o...
Vincent Cable | 503 c331 (Link to this contribution) I do not think we should rush into rapid cuts. One of my areas of disagreement with the hon. Member ...
Stewart Hosie | 503 c331 (Link to this contribution) I agree that precipitate cuts would be foolish and weaken the ability of the economy to recover. Wha...
Vincent Cable | 503 c329-31 (Link to this contribution) I am sure it does but, equally, other developed countries have the same problem of incorporating pub...
Liam Byrne | 503 c331 (Link to this contribution) The hon. Gentleman is making an excellent speech, but I think it would be useful at this point in th...
Vincent Cable | 503 c331-2 (Link to this contribution) I do not think that Scotland is fundamentally different from the rest of the UK. We all face the sam...
Stephen Timms | 503 c321 (Link to this contribution) I am grateful to the hon. Gentleman for giving way, and I look forward to responding to his points a...
Lord Hammond of Runnymede | 503 c321-2 (Link to this contribution) I see. So, increases have been brought forward. That means that benefits will go up this year and go...
Lord McFall of Alcluith | 503 c322-4 (Link to this contribution) I strongly welcome the Government's decision to accept the Treasury Committee's recommendation to ho...
Sally Keeble | 503 c324 (Link to this contribution) Does my right hon. Friend recall that, when the Committee considered the scale and speed of fiscal c...
Lord McFall of Alcluith | 503 c327 (Link to this contribution) I am saying that the Government have taken some action in that area. I am sure that the hon. Gentlem...
Edward Leigh | 503 c327 (Link to this contribution) The truth is that nothing would militate more against recovery than for the Government to try to int...
Lord McFall of Alcluith | 503 c324-6 (Link to this contribution) I do recall that being mentioned, but I also recall that youth unemployment was mentioned as well. L...
Adam Afriyie | 503 c326 (Link to this contribution) The right hon. Gentleman is making a powerful point about the action that would need to be taken eit...
Lord McFall of Alcluith | 503 c326 (Link to this contribution) The Government have taken some action, but the issue is complex nationally and internationally. We s...
Adam Afriyie | 503 c327 (Link to this contribution) My point was, given everything that the right hon. Gentleman says, which people widely recognise, th...
Speaker | 503 c359 (Link to this contribution) Order. No time limit was applied to today's debate, but the average length of the speeches from the ...
Peter Luff | 503 c359-64 (Link to this contribution) I will do my best, Mr. Deputy Speaker. On Tuesday, the Government's flagship Bill, the Fiscal Respo...
Derek Twigg | 503 c364-6 (Link to this contribution) First, Mr. Deputy Speaker, may I apologise for the fact that I will be unable to stay for the closin...
Austin Mitchell | 503 c355-6 (Link to this contribution) Absolutely. That is why I am arguing for a big housing programme. Housing means jobs; it stimulates ...
Kelvin Hopkins | 503 c355 (Link to this contribution) I apologise to my hon. Friend for not being here for the beginning of his contribution. Does he agre...
Austin Mitchell | 503 c356-7 (Link to this contribution) Over the last decade or so, it has provided an average of about 60 per cent. of our overseas earning...
Frank Dobson | 503 c356 (Link to this contribution) Does my hon. Friend also agree that it is a remarkable irony that despite the massive growth in fina...
Austin Mitchell | 503 c357-8 (Link to this contribution) That is absolutely true. We have networks of skills and surviving skills, which have been thrown on ...
Kelvin Hopkins | 503 c357 (Link to this contribution) My hon. Friend correctly emphasises the importance of manufacturing. Is it not also worrying that if...
Austin Mitchell | 503 c358-9 (Link to this contribution) My hon. Friend has made a valid point. I was delighted to hear the news that people who had been out...
Stephen Timms | 503 c358 (Link to this contribution) I am listening to my hon. Friend's speech with great interest. Like the rest of us, he will have bee...
Lord Risby | 503 c352-4 (Link to this contribution) My hon. Friend is right. We have had a dramatic devaluation of our currency, although I suppose it w...
Austin Mitchell | 503 c354-5 (Link to this contribution) This opportunity to debate the pre-Budget report is an excellent innovation. It should have produced...
Greg Hands | 503 c352 (Link to this contribution) Does my hon. Friend agree that investments in German or French bonds in the last two years have born...
Lord Lilley | 503 c345 (Link to this contribution) If my hon. Friend will forgive me, I am just drawing to a close. If we do that, we can make the pro...
William Cash | 503 c345 (Link to this contribution) Will my right hon. Friend give way?
Lord Lilley | 503 c344-5 (Link to this contribution) My hon. Friend on the Front Bench makes a valid point—the country might have been holding together, ...
Lord Risby | 503 c349-52 (Link to this contribution) I congratulate the right hon. Member for Oldham, West and Royton (Mr. Meacher), who asked exactly th...
Michael Meacher | 503 c348-9 (Link to this contribution) If we are looking at Japan and Italy, that is a perfectly fair point. The hon. Gentleman says that o...
Greg Hands | 503 c348 (Link to this contribution) Surely the right hon. Gentleman must realise, first, that our indebtedness is rising incredibly quic...
Michael Meacher | 503 c345-8 (Link to this contribution) What has been rather depressing about listening to the speeches of Opposition Members is how exclusi...
Sally Keeble | 503 c343-4 (Link to this contribution) I want to underline the point made by my right hon. Friend the Financial Secretary. Does the right h...
Lord Lilley | 503 c343 (Link to this contribution) We should not. We started then from a very different situation, with massive over-manning in both th...
Stephen Timms | 503 c343 (Link to this contribution) I am listening to the right hon. Gentleman's speech with interest. He presented the handling of the ...
Lord Lilley | 503 c340-1 (Link to this contribution) It is always a pleasure to follow the right hon. Member for Holborn and St. Pancras (Frank Dobson), ...
Frank Dobson | 503 c338-40 (Link to this contribution) As far as I can make out, even bankers are in favour of nationalisation provided that it nationalise...
Justine Greening | 503 c341 (Link to this contribution) Does my right hon. Friend agree that because other countries have already come out of recession, our...
William Cash | 503 c338 (Link to this contribution) Will the right hon. Gentleman give way?
Frank Dobson | 503 c338 (Link to this contribution) Again, one of my hon. Friends has made a valid and important point. That Tory manifesto was soft so...
William Cash | 503 c338 (Link to this contribution) I give the right hon. Gentleman that guarantee. What I do want to ask him is this. I suspect that he...
Frank Dobson | 503 c338 (Link to this contribution) As long as the hon. Gentleman promises not to mention Brussels.
Sally Keeble | 503 c338 (Link to this contribution) History lessons are sometimes very useful. When expert witnesses appeared before the Select Committe...
Frank Dobson | 503 c337-8 (Link to this contribution) I agree with my hon. Friend's point. When the Tories went into that general election 30 years ago, ...
Karen Buck | 503 c337 (Link to this contribution) On that same point, does my right hon. Friend agree with me that during those years and as a consequ...
Frank Dobson | 503 c337 (Link to this contribution) I give way to my hon. Friend and neighbour.
Frank Dobson | 503 c336-7 (Link to this contribution) It will not help the job market—[Interruption.] Unlike the Tory Front-Bench team, I am not living in...
Lord Hammond of Runnymede | 503 c336 (Link to this contribution) The right hon. Gentleman is rightly concerned about the prospects for employment. Given that concern...
Frank Dobson | 503 c336 (Link to this contribution) No, I must get on. Even without counting the reduction in economic activity, keeping someone out of...
Jeremy Browne | 503 c336 (Link to this contribution) Will the right hon. Gentleman give way?
Frank Dobson | 503 c335-6 (Link to this contribution) I think that we needed that explanation, and I did actually understand it. The second cause of the ...
Stephen Timms | 503 c380-2 (Link to this contribution) We have had a good debate. My right hon. Friend the Chancellor delivered the 2009 pre-Budget report ...
William Bain | 503 c376 (Link to this contribution) The pre-Budget report safeguards vital investment in schools, hospitals and policing, and more impor...
Greg Hands | 503 c376-80 (Link to this contribution) It seems like an awfully long time since the publication of the PBR for us to be debating it now. If...
Stewart Hosie | 503 c368-70 (Link to this contribution) I shall return to the Dundee aspect. A great deal of public money is to be spent on that centre, bu...
Lord Wilson of Sedgefield | 503 c370-3 (Link to this contribution) This is a general debate on the pre-Budget report, but it is a good opportunity for Members in all p...
Stewart Hosie | 503 c366-8 (Link to this contribution) When the Chancellor introduced the pre-Budget report, the focus was rightly on the big deficit and b...
Stephen Timms | 503 c368 (Link to this contribution) The hon. Gentleman will recognise that there was a substantial announcement of support for a centre ...
Stewart Hosie | 503 c368 (Link to this contribution) I am delighted that the case for a change in the tax regime will continue to be monitored. I am also...
Speaker | 503 c374 (Link to this contribution) Order. If the hon. Member for Newcastle-under-Lyme (Paul Farrelly) is giving way, he must not remain...
Paul Farrelly | 503 c374-6 (Link to this contribution) I was involved in the City myself many years ago, and I had very good reasons for leaving it. My rig...
Paul Farrelly | 503 c373-4 (Link to this contribution) I recognise the difficult balancing act the Chancellor faced in compiling the pre-Budget report in t...
Kelvin Hopkins | 503 c298 (Link to this contribution) To reinforce the points that my right hon. Friend has just made, has he seen page 24 of The Guardian...
Paul Farrelly | 503 c320 (Link to this contribution) I fully understand the hon. Gentleman's point on interest rates, and he will appreciate that point b...
William Cash | 503 c328 (Link to this contribution) Will the hon. Gentleman give way?
Frank Dobson | 503 c374 (Link to this contribution) What is my hon. Friend's response—
Frank Dobson | 503 c374 (Link to this contribution) Does my hon. Friend agree that the public should be slightly daunted by the fact that no fewer than ...
Nicholas Winterton | 503 c313 (Link to this contribution) We need balance in this debate. We have heard a great deal from the Government, but will my hon. Fri...
Lord Lilley | 503 c341-3 (Link to this contribution) My hon. Friend is absolutely right. If we leave this too late and as a result there is a crisis, we ...
Subjects
Budgets Economic situation Forecasts Public expenditure Taxation Economic recession Pre-Budget report 2009
Contains statistics
Yes
Link
View this Parliamentary proceeding on www.publications.parliament.uk