Lord Garnier
Main Page: Lord Garnier (Conservative - Life peer)Department Debates - View all Lord Garnier's debates with the HM Treasury
(1 day, 14 hours ago)
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Lord Livermore (Lab)
If the noble Lord wants to talk about the amount of money that is left, I am very happy to point him to the £22 billion black hole in the public finances that we inherited and that his Government sought to hide from the Office for Budget Responsibility. The same OBR has certified that the non-dom reforms the Government have implemented will raise £33.8 billion in total revenue over the five-year forecast period. This figure accounts for some non-doms who are ineligible for the new regime, choosing to leave the UK in response to these reforms. The Government will continue to work with stakeholders to ensure that the new regime is internationally competitive and focus on attracting the best talent and investment into the UK.
Lord Garnier (Con)
My Lords, in his earlier answer, the Minister said that much of the speculation was irresponsible, which suggests that some of it was not. Could he please list it?
Lord Livermore (Lab)
No. As I think I have made clear, I am not going to comment on individual tax measures.