May I complete the picture presented by the hon. Member for Na h-Eileanan an Iar (Mr MacNeil)? While it is certainly true that the overall deficit has fallen somewhat, the structural deficit—the bit that we really need to worry about—is in fact £12 billion higher than was anticipated. Incidentally, that is about the same amount that will be raised by the VAT increase.
Finance Bill
Proceeding contribution from
Jo Swinson
(Liberal Democrat)
in the House of Commons on Tuesday, 13 July 2010.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Finance Bill.
About this proceeding contribution
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513 c817Session
2010-12Chamber / Committee
House of Commons chamberSubjects
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