Impact of Gulf War on UK economy

Title

Impact of Gulf War on UK economy

Genre

News report; Parliamentary debate

TX Date

Unknown

Year of production

1991

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Duration

00:03:32

Description

UK Treasury Secretary David Mellor has met with the Treasury Select Committee to discuss the effect of the Gulf War on the economy. Despite the recession, it was decided that there should be no restrictions on war spending and that taxes should not have to be raised to fund it. Conservative Euro-sceptic John Townend and Conservative MP, Anthony Beaumont-Dark quiz Mellor on the financial contributions to the war made by Denmark, Holland, Luxembourg, Italy and Germany, and refer to Belgium’s contribution as peanuts. Male reporter not identified.

Contributors

David Mellor; Anthony Beaumont-Dark; John Townend

Keywords

Taxation; UK; Germany; Finance; Economic systems; Belgium; Economic recession; Netherlands; Italy; Wars (events); Luxembourg; Gulf War (1990-1991); Denmark

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