In 2015 and 2016 under the Bill, if national income rises, the Government can put borrowing up and still meet the requirements. However, if national income fell, they would have to cut. Is not that the very opposite of the natural stabilisers the Chancellor normally recommends?
Fiscal Responsibility Bill
Proceeding contribution from
John Redwood
(Conservative)
in the House of Commons on Tuesday, 5 January 2010.
It occurred during Debate on bills on Fiscal Responsibility Bill.
Type
Proceeding contribution
Reference
503 c63
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-11 10:02:38 +0000
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