Public Credit For Public Purposes
EDM number 408 in 2006-07, proposed by Austin Mitchell on 05/12/2006.
That this House, knowing that enormous sums of money are necessary to improve public services, build a better infrastructure and provide for the well-being of the people, and recognising that further huge additional expenditure will now be necessary to combat global warming, reduce carbon emissions and make public buildings, housing and transport carbon neutral, points out that there is no prospect of raising such huge but necessary sums through normal channels of taxation and borrowing; therefore suggests that the time has come to supplement these by using the power of public credit to increase the amount of publicly-funded money, particularly since this has fallen from 20 per cent. of the money supply in 1964 to 3 per cent. today because the banks have largely taken the issue of credit and taken the seigneurage arising from credit creation for themselves; and calls on the Government to use the power of public credit for public purposes, particularly for the huge expenditure necessary to finance the development of carbon neutrality in a good society.
This motion has been signed by a total of 19 MPs.
MP | Date | Constituency | Party | Type |
---|---|---|---|---|
Austin Mitchell | 05/12/2006 | Great Grimsby | Labour | Proposed |
David Taylor | 06/12/2006 | North West Leicestershire | Labour | Seconded |
Ronnie Campbell | 06/12/2006 | Blyth Valley | Labour | Seconded |
Alan Meale | 06/12/2006 | Mansfield | Labour | Seconded |
Linda Riordan | 06/12/2006 | Halifax | Labour | Seconded |
Ann Cryer | 06/12/2006 | Keighley | Labour | Seconded |
Madeleine Moon | 07/12/2006 | Bridgend | Labour | Signed |
David Drew | 07/12/2006 | Stroud | Labour | Signed |
Brian Jenkins | 07/12/2006 | Tamworth | Labour | Signed |
Kelvin Hopkins | 07/12/2006 | Luton North | Labour | Signed |
John McDonnell | 11/12/2006 | Hayes and Harlington | Labour | Signed |
Bill Etherington | 11/12/2006 | Sunderland North | Labour | Signed |
Harry Cohen | 12/12/2006 | Leyton and Wanstead | Labour | Signed |
Jeremy Corbyn | 12/12/2006 | Islington North | Labour | Signed |
Katy Clark | 12/12/2006 | North Ayrshire and Arran | Labour | Signed |
Alan Simpson | 13/12/2006 | Nottingham South | Labour | Signed |
Elfyn Llwyd | 13/12/2006 | Meirionnydd Nant Conwy | Plaid Cymru | Signed |
Dai Davies | 13/12/2006 | Blaenau Gwent | Independent | Signed |
Ian Gibson | 19/03/2007 | Norwich North | Labour | Signed |
Download raw data as csv or xml.