Financial Crisis

Part of the debate – in the House of Commons at 3:36 pm on 20 January 2009.

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Photo of John Redwood John Redwood Conservative, Wokingham 3:36, 20 January 2009

The document also says that any measures should be within the growth and stability pact and should be close to or within the 3 per cent. budget deficit ceiling. Will the Financial Secretary confirm that our budget deficit will be more than 10 per cent. of gross domestic product this year? Is that not well outside the terms of the document?