Christopher Chope – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Christopher Chope on 2016-07-06.

To ask Mr Chancellor of the Exchequer, with reference to his speech of 15 June 2016 on the effect on taxation and spending of the UK leaving the EU, for what reason his oral contribution of 4 July 2016, Official Report, column 626 stated that the structural deficit would need to be addressed through either reduced spending or higher taxes.

Mr David Gauke

The structural deficit is the proportion of the deficit that is not driven by the economic cycle, and as such can only be addressed through either reduced spending or higher taxation. It is important to bear down on the structural deficit in order to make progress in reducing the level of national debt.