Proceeding contribution from Vincent Cable (Liberal Democrat) in the House of Commons on Thursday, 24 March 2011. It occurred during Budget debate on Budget Resolutions and Economic Situation.
Budget Resolutions and Economic Situation
I do not know when the right hon. Gentleman last opened a financial newspaper. If he had done so recently, he would know that all the countries on the periphery of Europe that have been hit by the rising cost of capital are in very acute financial crisis, which we have avoided. We have German interest rates, and at the same time we are carrying a deficit on the scale of the most debt-ridden economies such as Ireland and Portugal.
Secondary information
- Type
- Proceeding contribution
- Reference
- 525 c1150
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Debts Banks Budgets Finance Financial services Economic situation National income Personal savings Public expenditure Taxation VAT Economic recession Trade competitiveness Budget March 2011
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 15:59:54 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_730827
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