From todays Order Paper for the House of Commons: 2. CHARTER FOR BUDGET RESPONSIBILITY Mr Chancellor of the Exchequer, Mr Danny Alexander That the Charter for Budget Responsibility: Autumn Statement 2014 update, which was laid before this House on 15 December 2014, be approved. Amendment (a) Caroline Lucas Line 2 leave out approved and add rejected, on the grounds that the Governments austerity agenda is economically illiterate because public sector finances are not analogous to household finances and therefore cutting government spending will not restore balance- because, given the existing level of spare capacity within the economy, public sector investment in, for example, affordable housing, energy efficiency, green Infrastructure and job creation will not only create ts own income as tax revenues but will also foster additional activity in the private sector; and because at a time when the country is facing huge economic challenges, the pnority ought to be restoring stability and fairness to the public finances not playing low political games. Yep.
Posted on: Tue, 13 Jan 2015 19:50:10 +0000