Middle East: Economic Update

Debate between Lord Eatwell and Lord Lemos

Thursday 26th March 2026 Lords Chamber

[Lord in Waiting/Government Whip (Lord Lemos) (Lab)]

We will take Labour next.

[Lord Eatwell (Lab)]

My Lords, could the Minister confirm the number in the OBR report which accompanied the Spring Statement that public sector real investment will increase by 12% this year? Could he explain to what degree that 12% is repairing the damage done by the previous Administration and increasing productivity for the future?