41879
2010-12
896
Government Plans To Reduce The Deficit
Robert Halfon
2010-10-26
That this House notes that the UK has the largest structural budget deficit in Europe, at a level of 109 billion; further notes that the UK is paying, at a rate of 120 million a day, 43 billion a year in debt interest; believes that this money would far better serve the needs of the UK's citizens than those of the foreign creditors the UK borrows from; welcomes the support of the International Monetary Fund, the Organisation for Economic Co-operation and Development, the Governor of the Bank of England, and the Confederation of British Industry for the Chancellor of the Exchequer's plan to reduce the deficit; further welcomes the fact that the Office of Budget Responsibility has audited all of the annually managed expenditure savings in the Comprehensive Spending Review; is encouraged that, in response to the action of the Government the UK's market interest rates fell to near record lows, and the UK's credit rating was affirmed.
Public expenditure
Robert Halfon
2010-10-26
Proposed
Harlow
Conservative
Stephen Williams
2010-10-27
Seconded
Bristol West
Liberal Democrat
Peter Bottomley
2010-11-01
Seconded
Worthing West
Conservative
Dan Rogerson
2010-11-04
Seconded
North Cornwall
Liberal Democrat
Andrew Stephenson
2011-02-02
Seconded
Pendle
Conservative