Chancellor of the Exchequer, George Osborne, made a statement to the House of Commons on Thursday 11 August on the recent turbulence in the financial markets, economic growth and debt.
Watch and read the statement and the views expressed by MPs on Parliament TV and in Commons Hansard. Shadow Chancellor of the Exchequer, Ed Balls, responded to the statement on behalf of the Opposition.
House of Commons Library analysis
The House of Commons Library produce briefing papers to inform MPs of key issues. The Library has published briefing papers on the economy and finance.
Statements normally relate to matters of policy or government actions. At the end of a statement, MPs can respond or question the government minister on its contents.
Image: Parliamentary copyright