Steve Baker
Main Page: Steve Baker (Conservative - Wycombe)Department Debates - View all Steve Baker's debates with the HM Treasury
(10 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Speaker
It is good of the Chancellor to refer to the former Prime Minister by the title of his constituency, but it is an even better idea to get it right as Kirkcaldy and Cowdenbeath.
Steve Baker (Wycombe) (Con)
The Bank of England’s Andy Haldane recently told the Treasury Committee:
“Let’s be clear, we have intentionally blown the biggest government bond bubble in history.”
What contingency plans have the Government made to cope with that bond market bubble bursting?
Mr Osborne
First, let me say that I stand corrected, Mr Speaker, although I think that Kirkcaldy and Cowdenbeath is in the Kingdom of Fife. Yesterday we issued a 55-year bond so we are clearly able to borrow money for the long term. Our economic policy, the further stage of which we set out today, commands the confidence of the world.