My hon. Friend is getting a reputation for making extremely good interventions, and that was one of them. Fiscal consolidation also means that interest rates can be held lower for longer by the independent Bank of England, which is a second important channel through which economic growth can be supported, and not opposed, by fiscal consolidation.
Finance Bill
Proceeding contribution from
Matt Hancock
(Conservative)
in the House of Commons on Tuesday, 20 July 2010.
It occurred during Debate on bills on Finance Bill.
Type
Proceeding contribution
Reference
514 c209
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 17:53:09 +0000
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