✓ Passed into LawLords
UK Parliament · Bill
Fiscal Responsibility Act 2010
Summary
The Fiscal Responsibility Act 2010 is a law designed to set rules for controlling how much money the government spends and borrows. It aims to reduce the UK's budget deficit (the gap between what the government spends and what it earns) by requiring stricter financial discipline.
A vote to support means
- —Supporting this Act means backing efforts to control government spending and reduce the national debt. Supporters believe it helps ensure the country's finances are managed responsibly so future generations aren't burdened with excessive debt.
A vote to oppose means
- —Critics worry that strict spending limits could force cuts to important public services like the NHS, schools, and welfare support when they're needed most. They argue that during economic downturns, the government should be able to spend more to help people, not less.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Bill Passage
Commons
- 1st reading9 Dec 2009
- 2nd reading5 Jan 2010
- Committee stage20 Jan 2010
- 3rd reading20 Jan 2010
Lords
- 1st reading21 Jan 2010
- 2nd reading10 Feb 2010
- 3rd reading10 Feb 2010
Royal Assent10 Feb 2010
Full Bill Description(click to expand)
No description available