Early day motion 323

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PUBLIC CREDIT FOR PUBLIC PURPOSES

  • Session: 2003-04
  • Date tabled: 17.12.2003
  • Primary sponsor: Mitchell, Austin
  • Sponsors:

    That this House notes with concern the contrast between the enormous expansion of private credit and the growing debt burden that this imposes on society; further notes that public credit, as measured by the proportion of publicly created money in circulation, has fallen from 20 per cent. of the money supply in 1964 to three per cent. today; believes that using public credit and increasing the proportion of publicly created money should be used to cut the costs of, and to boost the quantity of, public investment and to allow the Chancellor to fulfil his golden rule without further borrowing; further believes that this can be done without any impact on inflation; and, therefore, urges the Treasury to commission an independent review of the benefits of using the public credit and increasing the proportion of publicly created money.

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Total number of signatures: 23

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Showing 23 out of 23

Name Party Constituency Date Signed
Austin, John Labour Party Erith and Thamesmead 17.12.2003
Barnes, Harry Labour Party North East Derbyshire 17.12.2003
Best, Harold Labour Party Leeds North West 05.01.2004
Caton, Martin Labour Party Gower 06.01.2004
Chaytor, David Labour Party Bury North 17.12.2003
Coleman, Iain Labour Party Hammersmith and Fulham 26.01.2004
Colman, Tony Labour Party Putney 07.01.2004
Cryer, Ann Labour Party Keighley 06.01.2004
Cunningham, Jim Labour Party Coventry South 18.10.2004
Drew, David Labour Party Stroud 06.01.2004
Hopkins, Kelvin Labour Party Luton North 07.01.2004
Jones, Lynne Labour Party Birmingham Selly Oak 17.12.2003
Llwyd, Elfyn Plaid Cymru Meirionnydd Nant Conwy 08.01.2004
McDonnell, John Labour Party Hayes and Harlington 17.12.2003
McNamara, Kevin Labour Party Kingston upon Hull North 07.01.2004
Meale, Alan Labour Party Mansfield 18.12.2003
Mitchell, Austin Labour Party Great Grimsby 17.12.2003
Price, Adam Plaid Cymru Carmarthen East and Dinefwr 22.01.2004
Simpson, Alan Labour Party Nottingham South 18.12.2003
Taylor, David Labour Party North West Leicestershire 06.01.2004
Taylor, Richard INDEPENDENT Wyre Forest 13.10.2004
Trickett, Jon Labour Party Hemsworth 08.01.2004
Winterton, Nicholas Conservative Party Macclesfield 19.04.2004