The Minister has mentioned reducing the debt. However, at the end of this deficit-consolidation phase, the annual deficit will still be 5.5 per cent. of gross domestic product, which will definitely be above trend and almost certainly above annual growth. When do the Government intend to start paying the debt down, as opposed merely to reducing the level of the deficit?
Fiscal Responsibility Bill
Proceeding contribution from
Stewart Hosie
(Scottish National Party)
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 c341 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2024-04-22 01:03:05 +0100
URI
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