UK Parliament / Open data

Fiscal Responsibility Bill

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.
Type
Proceeding contribution
Reference
504 c326-7 
Session
2009-10
Chamber / Committee
House of Commons chamber
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