Finance Bill

Part of the debate – in the House of Commons at 6:40 pm on 6th July 2010.

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Photo of Michael Meacher Michael Meacher Labour, Oldham West and Royton 6:40 pm, 6th July 2010

How can the right hon. Gentleman believe that private investment will remotely compensate for this enormous fall in public sector net investment, given that household consumption is falling, particularly with the increase in VAT, the banks are not lending, and export markets are fading because of the situation in the eurozone? Why should the private sector invest in those circumstances?

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