UK Parliament / Open data

Fiscal Responsibility Bill

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?
Type
Proceeding contribution
Reference
504 c341 
Session
2009-10
Chamber / Committee
House of Commons chamber
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