Lord Bridges of Headley
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Budget: Press Briefings
Lord Bridges of Headley Excerpts(1 month ago)
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Lord Livermore (Lab)
My noble friend is absolutely right to say that there is always speculation ahead of a Budget. As he knows, I am not going to comment on the bond markets, but he is right to point out that the Liz Truss mini-Budget crashed the economy and sent interest rates soaring.
Lord Bridges of Headley (Con)
My Lords, on 10 November, the Chancellor said on BBC Radio:
“It would, of course, be possible to stick with the manifesto commitments, but that would require things like deep cuts in capital spending”.
Does that statement still stand?
Lord Livermore (Lab)
As I have said, I am being told by noble Lords opposite that speculation is wrong and now the noble Lord is asking me to speculate. As I have made very clear, I will not be commenting on individual tax measures.