My understanding of the Bill is that the deficit does not need to be cut in every year until 2014 but merely needs to be cut by half by 2014. There is then a provision for it to be cut on an annual basis for the following two years. However, it is possible, I suppose, that were Labour to be re-elected, it could dramatically cut the deficit next year and then be inactive for the following three years.
Fiscal Responsibility Bill
Proceeding contribution from
Jeremy Browne
(Liberal Democrat)
in the House of Commons on Wednesday, 20 January 2010.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Fiscal Responsibility Bill.
Type
Proceeding contribution
Reference
504 c326-7 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2023-12-11 10:03:15 +0000
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_612113
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_612113
In Solr
https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_612113