Economy Update Debate

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Baroness Garden of Frognal

Main Page: Baroness Garden of Frognal (Liberal Democrat - Life peer)

Economy Update

Baroness Garden of Frognal Excerpts
Thursday 26th May 2022

(2 years, 5 months ago)

Lords Chamber
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Baroness Penn Portrait Baroness Penn (Con)
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My Lords, I have remembered the noble Baroness’s second point about increasing benefits next spring in line with September’s CPI inflation. I can confirm that that is the Government’s intention and I think that would be costed by the OBR in the fiscal forecasts already in place. The other spending will be paid for by borrowing, but it is a one- off cost.

Baroness Garden of Frognal Portrait The Deputy Speaker (Baroness Garden of Frognal) (LD)
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My Lords, time is now up for this business.