Economy: Credit Rating

Debate between Lord Marlesford and Lord Howarth of Newport

Monday 25th February 2013 Lords Chamber

[Lord Marlesford]

My Lords—

[Lord Howarth of Newport]

My Lords, is not the situation even worse than intimated by the noble Lord, Lord Higgins? We have a state of affairs in which the markets are totally confused by the position taken by the Governor of the Bank of England and the Monetary Policy Committee and in which the Chancellor of the Exchequer has been found abjectly wanting by the witness whom he most insistently prayed in aid. What prospect is there of the Government getting a grip on this sliding situation?