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105836
registered interest false more like this
date less than 2014-10-29more like thismore than 2014-10-29
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Economic Policy more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, if he will make a comparative assessment of the economic effect of (a) a target for a long-term current surplus and (b) an overall surplus target. more like this
tabling member constituency North East Hertfordshire more like this
tabling member printed
Sir Oliver Heald remove filter
uin 905856 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-11-04more like thismore than 2014-11-04
answer text <p>Illustrative projections published by the Treasury at Budget 2014 show that running a long-term balanced current budget would result in public sector net debt of around 60% of GDP in 2035-36, while running a long-term overall surplus of 1% of GDP would result in public sector net debt of around 32% of GDP. Lower public debt would reduce the UK’s vulnerability to future shocks as well as lower debt servicing costs.</p><p> </p><p> </p><p> </p> more like this
answering member constituency South Northamptonshire more like this
answering member printed Andrea Leadsom more like this
question first answered
remove maximum value filtermore like thismore than 2014-11-04T17:50:02.9388485Z
answering member
4117
label Biography information for Andrea Leadsom more like this
tabling member
69
label Biography information for Sir Oliver Heald more like this