Eltham Labour Party

 

Clive Live in Parliament: Economic Growth Debate 13th July 2010

Earlier on, the Treasury Select Committee discovered, whilst questioning officials in the OBR, that this new coalition budget has increased the likelihood of a double dip recession. So during the Economic Growth Debate in the House Clive put the question to the Economic Secretary Justine Greening MP to reply to the independent OBR's chilling verdict.

When questioned Geoffrey Dicks, one of the three officials from the OBR confirmed that the coalition budget with its cuts in public spending and higher taxes have "logically increased the possibility of a double dip."

1. Economic Growth (13th July 2010)

Clive's question transcript:

Should businesses in the south-east be concerned now that the Office for Budget Responsibility has made it clear to the Treasury Committee that the Budget increases the chances of a double-dip recession?