Economy: Capital Expenditure

Debate between Lord Eatwell and Lord Wigley
Tuesday 4th October 2011

(13 years, 10 months ago)

Lords Chamber
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Lord Wigley Portrait Lord Wigley
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My Lords—

Lord Eatwell Portrait Lord Eatwell
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My Lords, the other cunning plan that the Government put forward, announced by the Chancellor, was the expenditure of billions—his word—on credit easing for small and medium-sized firms. What is the Treasury’s estimate of the impact on the deficit of the inevitable default rate associated with this programme?

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