Early day motion 1361

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TAX REVENUE AND PUBLIC EXPENDITURE

That this House notes the real danger the country faces in borrowing relatively more than any other G8 country to balance the national accounts; is concerned that neither the Government nor the Official Opposition has published the changes that will be required to tax revenues and public expenditure levels over the short to medium term, preferring to leave such discussions until after a general election; believes that it is increasingly likely in these circumstances that the Government will find it ever more difficult to raise the necessary amount of debt, with all the dangers such a failure entails for the value of the UK's currency and its future prosperity; believes that should such a scenario develop the Government will be forced into a slash and burn strategy to public services in an attempt to regain the confidence of lenders; and calls on the Leader of the House to bring forward proposals to set up a special committee to begin detailing the changes necessary to balance the national accounts over the medium term, as such an approach would allow a strategy that was radical and in the interests of people on modest incomes, whilst also laying the foundations for a secure recovery for the country's social and economic fortunes.

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Total number of signatures: 30

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Showing 30 out of 30

Name Party Constituency Date Signed
Bayley, Hugh Labour Party City of York 28.04.2009
Bottomley, Peter Conservative Party Worthing West 28.04.2009
Breed, Colin Liberal Democrats South East Cornwall 28.04.2009
Cable, Vincent Liberal Democrats Twickenham 27.04.2009
Davies, Dai INDEPENDENT Blaenau Gwent 29.04.2009
Durkan, Mark Social Democratic and Labour Party Foyle 28.04.2009
Etherington, Bill Labour Party Sunderland North 01.06.2009
Field, Frank Labour Party Birkenhead 27.04.2009
George, Andrew Liberal Democrats St Ives 28.04.2009
Hancock, Mike Liberal Democrats Portsmouth South 05.05.2009
Harvey, Nick Liberal Democrats North Devon 29.04.2009
Hemming, John Liberal Democrats Birmingham Yardley 07.05.2009
Holmes, Paul Liberal Democrats Chesterfield 28.04.2009
Hughes, Simon Liberal Democrats North Southwark and Bermondsey 11.05.2009
Hunter, Mark Liberal Democrats Cheadle 29.04.2009
Leech, John Liberal Democrats Manchester Withington 29.04.2009
Mason, John Scottish National Party Glasgow East 30.04.2009
McDonnell, Alasdair Social Democratic and Labour Party Belfast South 05.05.2009
McDonnell, John Labour Party Hayes and Harlington 14.05.2009
McGrady, Eddie Social Democratic and Labour Party South Down 20.05.2009
Rennie, Willie Liberal Democrats Dunfermline and West Fife 20.05.2009
Sanders, Adrian Liberal Democrats Torbay 28.04.2009
Simpson, Alan Labour Party Nottingham South 06.05.2009
Stringer, Graham Labour Party Manchester Blackley 28.04.2009
Stunell, Andrew Liberal Democrats Hazel Grove 05.05.2009
Swinson, Jo Liberal Democrats East Dunbartonshire 08.07.2009
Williams, Mark Liberal Democrats Ceredigion 07.05.2009
Williams, Stephen Liberal Democrats Bristol West 29.04.2009
Willis, Phil Liberal Democrats Harrogate and Knaresborough 06.05.2009
Winterton, Nicholas Conservative Party Macclesfield 29.04.2009