UK Parliament / Open data

Fiscal Responsibility Bill

An important point has to be made here. I think that the public will agree with the view of Government Members and some Opposition Members that if we were to cut off the fiscal stimulus, the best that could be expected is that it would undermine future growth prospects, increasing our deficit. The worst-case scenario, however, is that it would throw us into a double-dip recession. Either way, we will increase the amount of debt that we have to fund into the future.
Type
Proceeding contribution
Reference
504 c365 
Session
2009-10
Chamber / Committee
House of Commons chamber
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