Skip to main content

Public Expenditure

Volume 485: debated on Wednesday 10 December 2008

To ask the Chancellor of the Exchequer how much has been spent from the public purse on mitigating the effects of the credit crunch in terms of (a) liquidity provision, (b) loan guarantees, (c) bail-outs, (d) bank recapitalisations, (e) assistance to industry, (f) assistance to the mortgage market, (g) provision for housebuilding, (h) other public works programmes, (i) credit crunch-related tax reductions and (j) other credit crunch-related expenditure; and how much he estimates will be spent on each of these categories in each of the next five years. (242048)

Box B3 of the 2008 pre-Budget report discusses the impact on the public finances of the financial stability measures taken by the Government. The Office for National Statistics has yet to rule on how some of the transactions associated with these measures should be classified. Table B5 of the 2008 pre-Budget report sets out the fiscal impact of the measures being taken by the Government to support the economy.