The OBR does not say that the cause of reduced growth is that the recession was found to be deeper. It does say that the recession was found to be deeper but, crucially, it also says the recovery during 2009 was stronger than previously forecast and that the further decline in growth happened only in the latter part of 2010.
The Economy
Proceeding contribution from
Sheila Gilmore
(Labour)
in the House of Commons on Tuesday, 6 December 2011.
It occurred during Debate on The Economy.
Type
Proceeding contribution
Reference
537 c183
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 14:04:10 +0000
URI
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