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Proceeding contribution from William Cash (Conservative) in the House of Commons on Tuesday, 5 January 2010. It occurred during Debate on bill on Fiscal Responsibility Bill.

Fiscal Responsibility Bill

As the Chancellor knows, I have raised the question of the true state of the debt on many occasions. I have never had a straight answer, so I would be grateful if I could have one now. When one aggregates the amount, including public pensions, private finance initiatives, Network Rail and bank bail-outs, one reaches the figure of £2.220 billion, which is 158.8 per cent. of gross domestic product. Is that the case? The figures are from the Office for National Statistics. Will the Chancellor also tell my why, in relation to Royal Bank of Scotland and Lloyds, the £62 billion that he announced before the rise of the House for Christmas, was not disclosed to either the Public Accounts Committee or the ONS? Is it the case that Sir Martin Scholar is taking that matter up with him right now?

Secondary information

Type
Proceeding contribution
Reference
503 c64 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
Accountability Borrowing Fiscal policy Economic situation Forecasts National income Public sector Public expenditure Public finance Public sector debt Public sector net cash requirement Standards Tax collection Treasury
Legislation
Fiscal Responsibility Bill 2009-10
Link
View this Proceeding contribution on www.publications.parliament.uk