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The Blog of Adam Price AS/MP, Carmarthen East and Dinefwr

Adam Price MP / AS - Carmarthen East and Dinefwr

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11th March 2009

Labour Split On Borrowing

Earlier at Welsh Questions I asked the Secretary of State, Paul Murphy, what he thought about the proposals  by the Assembly Finance Committee’s and the Labour Party in Scotland in their submission to the Calman Commission had any merit.  I was surprised to hear him say they had little merit and that the problem with borrowing is that some day you had to pay it back.  As well as exhibiting a strangely simplistic approach to public finance (clearly not shared by the Chancellor) it’s difficult to square this with the position taken by the four Labour members of the Committee and indeed by the Scottish Labour Party (with the exception of Nat-finder General John Robertson MP who almost choked when I mentioned Calman).  Paul did, however, confirm that discussions were ongoing on this issue.  Maybe our own Holtham Commission is beginning to bear fruit - despite Paul Murphy’s instinctive devo-minimalism.

One Response so far to “Labour Split On Borrowing”

  1. andrewe says:
    March 12th, 2009 at 10:00 am

    Temporary financial are needed nowadays. This will surely helps for emergency payments or incidents. Some finds the credit cards, or get a bank loan because the time it takes to secure the funding is too long, or they don’t have good enough credit. But sometimes payday loans will become handy in mans everyday life. These kinds of loan are small loans out for a fee, which are usually paid back within a couple of weeks. The demand for them is growing, because people will always need temporary financial assistance in some form.

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