Budget debate (first day) and motion for amendment of the law.
Amendment of the law
Budget debate on Wednesday, 22 April 2009,
in the House of Commons,
led by Lord Cameron of Chipping Norton.
Type
Parliamentary proceeding
Reference
491 c251-336 
Session
2008-09
Chamber / Committee
House of Commons chamber
Proceeding contributions
Willie Rennie | 491 c335-6 (Link to this contribution)
That is absolutely right, although I am not sure that we are the best people to run the banks and I ...
Mark Durkan | 491 c335 (Link to this contribution)
I have talked to people involved in banking in my own area of Northern Ireland and they have confess...
Show all contributions (83)
Alan Simpson | 491 c321-2 (Link to this contribution)
Bought off, I hear from my friends and comrades. I welcome the ritual denunciation, but I ask them t...
Ian Taylor | 491 c323 (Link to this contribution)
I, first, declare my entry in the Register of Members' Interests—in case anyone thinks that my inter...
Nigel Evans | 491 c323 (Link to this contribution)
The in-the-red book.
Ian Taylor | 491 c323-6 (Link to this contribution)
It was in the red; now it is white. It pretty much says, "We're putting up the white flag." We are i...
Lord Field of Birkenhead | 491 c326-8 (Link to this contribution)
I shall speak very briefly, because others wish to get in. I shall focus on two aspects of the Budge...
Lord Brady of Altrincham | 491 c328-30 (Link to this contribution)
It is always a pleasure to listen to the right hon. Member for Birkenhead (Mr. Field). I would not h...
Nigel Evans | 491 c330-2 (Link to this contribution)
It is always good to follow my hon. Friend the Member for Altrincham and Sale, West (Mr. Brady)—whic...
Stewart Hosie | 491 c314-7 (Link to this contribution)
We shall have to do the sums later. I am trying to do the mental arithmetic: £1.6 trillion divided b...
Alan Simpson | 491 c319 (Link to this contribution)
One of the things that has annoyed and confused me over the years is the nonsensical view of incenti...
David Leslie Taylor | 491 c319 (Link to this contribution)
My hon. Friend is perhaps the most prominent ecological economist of his parliamentary generation, a...
Alan Simpson | 491 c317-9 (Link to this contribution)
Given the perilous state of the world economy in which the Budget has had to be presented, I wondere...
Diane Abbott | 491 c319 (Link to this contribution)
Does my hon. Friend agree that there is no reputable academic evidence that levels of taxation relat...
Alan Simpson | 491 c319-21 (Link to this contribution)
Those are important points, and we are going to have to weigh very carefully the carbon footprint of...
Jeff Ennis | 491 c310-1 (Link to this contribution)
There is no doubt that this year's Budget has proved to be the most difficult Budget for this Govern...
Stephen Timms | 491 c311 (Link to this contribution)
I am listening to my hon. Friend with a great deal of interest. Earlier, he mentioned the announceme...
Stephen Timms | 491 c308 (Link to this contribution)
I am listening to the right hon. Gentleman's speech with great interest. He mentioned Glass-Steagall...
David Davis | 491 c309 (Link to this contribution)
I take the point. Glass-Steagall is not a solution by itself, but it simplifies one critical element...
David Leslie Taylor | 491 c313 (Link to this contribution)
The hon. Gentleman is always extremely interesting to listen to on financial matters. I, too, have b...
Stewart Hosie | 491 c313-4 (Link to this contribution)
I know that the hon. Gentleman always listens intently when I speak in the House; it worries me. I s...
Jeff Ennis | 491 c311-2 (Link to this contribution)
I thank the Minister for referring to that project. I specifically wanted to draw attention to it, b...
Stewart Hosie | 491 c312-3 (Link to this contribution)
The one thing the Budget statement demonstrates is that the Government intend to take absolutely no ...
David TC Davies | 491 c314 (Link to this contribution)
I think that the current figure is about £22,000 per person.
Stuart Bell | 491 c292 (Link to this contribution)
I hear an important sedentary intervention. Are the Tories going to get rid of tax credits, benefits...
Lord Blencathra | 491 c292-7 (Link to this contribution)
It is always a pleasure to follow the hon. Member for Middlesbrough (Sir Stuart Bell). At the end of...
Martin Horwood | 491 c297 (Link to this contribution)
Does the right hon. Gentleman think that the Conservative economic policy commission's proposals mad...
Mark Durkan | 491 c297 (Link to this contribution)
I fully agree with the right hon. Gentleman's point about the practices of some of the banks at the ...
Lord Blencathra | 491 c297-8 (Link to this contribution)
I agree entirely with the hon. Gentleman, and the point he raises has been made to me too. The Gover...
Barry Gardiner | 491 c298-301 (Link to this contribution)
I am pleased to participate in this debate and to follow the right hon. Member for Penrith and The B...
David Davis | 491 c301-4 (Link to this contribution)
It is a great pleasure to follow the hon. Member for Brent, North (Barry Gardiner). Listening to him...
Robert Smith | 491 c304 (Link to this contribution)
One worry for those of us who represent rural areas is that it seems that the Minister is already co...
David Davis | 491 c304-5 (Link to this contribution)
That is a good point. I do not want to go off on a big excursion on the issue, but I shall say this ...
Lord Field of Birkenhead | 491 c307 (Link to this contribution)
Yes, I use them.
David Leslie Taylor | 491 c305 (Link to this contribution)
Surely expenditure on pensions and benefits can be an investment in the classic sense of the word. I...
David Davis | 491 c305-7 (Link to this contribution)
The hon. Gentleman demonstrates only too clearly why I think that he and his Government are wrong. I...
David Davis | 491 c307-8 (Link to this contribution)
My hon. Friend makes my point perfectly. This is an issue not only for us but for every other countr...
Ian Taylor | 491 c307 (Link to this contribution)
It is interesting that even France, which, by goodness, has regulations every day of the week that w...
David Davis | 491 c284 (Link to this contribution)
This is not just a yes-no issue. The Government's whole approach in dealing with the banks has been ...
Stuart Bell | 491 c282-3 (Link to this contribution)
I say with all sincerity that it is a great pleasure to follow the right hon. Member for Fylde (Mr. ...
Lembit Opik | 491 c283 (Link to this contribution)
I studied economics for a time at university, and it seems to me that we have to accept that forecas...
Stuart Bell | 491 c283-4 (Link to this contribution)
The hon. Gentleman is right about forecasting, but forecasting moves around. The forecasting in the ...
Michael Jack | 491 c278 (Link to this contribution)
My hon. Friend makes an important point. Although there have been some beneficial changes in that si...
Sally Keeble | 491 c278 (Link to this contribution)
The right hon. Gentleman is making a very interesting speech on a matter that the Select Committee i...
Michael Jack | 491 c278-82 (Link to this contribution)
I acknowledge that a sensible series of measure were introduced to address some of the balance sheet...
Alan Simpson | 491 c292 (Link to this contribution)
Yes, please.
Stuart Bell | 491 c284-5 (Link to this contribution)
I agree entirely with the right hon. Gentleman, but the luxury of that kind of reflection was not av...
Stuart Bell | 491 c291-2 (Link to this contribution)
I am grateful for the hon. Lady's intervention, but I think the Budget did go as far as making proje...
Julia Goldsworthy | 491 c291 (Link to this contribution)
I am listening carefully to the hon. Gentleman, and I agree that the Conservative approach seems to ...
Ian Taylor | 491 c286 (Link to this contribution)
I cannot resist intervening on the hon. Gentleman to remind him that next year he will probably be f...
Stuart Bell | 491 c286-91 (Link to this contribution)
I will make reference to the forthcoming general election later in my speech. Clearly, this is a gre...
Mark Field | 491 c285 (Link to this contribution)
On the question of no investor losing money, shareholders have lost an enormous amount of money in t...
Stuart Bell | 491 c285 (Link to this contribution)
I entirely agree with the hon. Gentleman's point. I was talking about investors who had savings—depo...
John Redwood | 491 c266-8 (Link to this contribution)
I was using "never-never" in the common sense—I meant as a way of financing oneself—but we all know ...
Anne Main | 491 c268 (Link to this contribution)
The Chancellor should be thanking the good people of St. Albans, who pay the most into his coffers b...
John Redwood | 491 c268-71 (Link to this contribution)
For St. Albans read Wokingham; my hon. Friend has spoken powerfully for me, for herself and for many...
Lynne Jones | 491 c261 (Link to this contribution)
My right hon. Friend mentioned investment in housing. Does he share my disappointment that only £100...
John Redwood | 491 c263-6 (Link to this contribution)
I am a director of a couple of companies. I have declared my interests in the Register of Members' I...
Lord McFall of Alcluith | 491 c261-3 (Link to this contribution)
The £100 million is over and above the money that local authorities are already receiving, and is in...
Mark Field | 491 c266 (Link to this contribution)
I agree with everything my right hon. Friend says about the appalling state of private finance initi...
Gavin Strang | 491 c274-6 (Link to this contribution)
Economic predictions are notoriously unreliable, but few of us at the time of last year's Budget wou...
Michael Jack | 491 c276-8 (Link to this contribution)
May I first remind the House of my entry in the Register of Members' Interests? I am a non-executive...
Nigel Evans | 491 c271 (Link to this contribution)
I fully endorse my right hon. Friend's suggestion, but should salaries not be pro rata? Some of the ...
John Redwood | 491 c272-4 (Link to this contribution)
My right hon. Friend makes a very good point. There are lots of useless glossy brochures, but even t...
David Davis | 491 c272 (Link to this contribution)
My right hon. Friend is talking about cancelling glossy brochures. May I volunteer the piece of fict...
John Redwood | 491 c272 (Link to this contribution)
My hon. Friend is tougher than I am, but he makes a good suggestion. I hope that Ministers have got ...
Lembit Opik | 491 c258 (Link to this contribution)
On those visits, was the right hon. Gentleman aware of, or did he come across, the fact that quite a...
Lord McFall of Alcluith | 491 c258-9 (Link to this contribution)
What we did hear from businesses was that they would rather be paying higher interest rates than, sa...
Lord Cameron of Chipping Norton | 491 c251-4 (Link to this contribution)
Today everyone can see what an utter mess this Labour Government and this Labour Prime Minister have...
Lord McFall of Alcluith | 491 c257-8 (Link to this contribution)
Today's Budget is against the backdrop of a banking crisis that has in the past year become an econo...
Lord McFall of Alcluith | 491 c260-1 (Link to this contribution)
I welcome the commitments made by the Chancellor today to provide funding to open fields that were p...
Robert Smith | 491 c260 (Link to this contribution)
In the north-east of Scotland specifically and across the UK, 500,000 jobs depend on investment in t...
Lord McFall of Alcluith | 491 c259-60 (Link to this contribution)
There is a major difference. We have a global crisis—it is being experienced across the whole world....
Lord Field of Birkenhead | 491 c259 (Link to this contribution)
Is not there a real difference between now and the age that Sam Brittan writes about? When we were t...
Lord McFall of Alcluith | 491 c259 (Link to this contribution)
As I said, the Budget has been presented against an uncertain background, but the right hon. Gentlem...
John Redwood | 491 c259 (Link to this contribution)
How much does the right hon. Gentleman think the Government could easily borrow in the next two year...
Ian Taylor | 491 c278 (Link to this contribution)
Will my right hon. Friend also take into consideration the difficulty that the banking sector is hav...
Willie Rennie | 491 c332-5 (Link to this contribution)
I am not sure whether it is the immediate effect of the Budget or that the House authorities have de...
Lord Blencathra | 491 c297 (Link to this contribution)
Not at all. The hon. Gentleman is totally misrepresenting those proposals. I think that the Governme...
David Davis | 491 c307 (Link to this contribution)
The right hon. Gentleman, who made a good point earlier and missed my compliment to him, says that h...
Nick Clegg | 491 c255-7 (Link to this contribution)
The economic crisis is unprecedented in many ways—its scale, its speed, its reach—so people are look...
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