Middle East: Economic Update Debate

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Department: HM Treasury
Tuesday 28th April 2026

(1 day, 13 hours ago)

Lords Chamber
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Lord Livermore Portrait Lord Livermore (Lab)
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Of course there are consequences; I agree completely with the noble Lord. He talks of a hypothetical of the defence investment plan not happening. It will happen and, as I have said already, it will be published in due course.

Lord Bridges of Headley Portrait Lord Bridges of Headley (Con)
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My Lords, in response to my noble friend Lord Clarke’s question, the Minister spoke of the cuts that the Government are planning to make to the welfare budget. Is he saying that those cuts are sufficient and that that is all the Government will be doing?

Lord Livermore Portrait Lord Livermore (Lab)
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I do not have a crystal ball and I cannot look ahead to everything the Government will be doing, but I can tell the noble Lord, as I said to his noble friend, that we are reforming the welfare system.