Forthcoming Fiscal Changes
Lord Hayward Excerpts(1 day, 2 hours ago)
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Lord Livermore (Lab)
The noble Baroness need only wait 22 hours and then she will know for herself.
Lord Hayward (Con)
My Lords, according to opinion polls, the public at large in this country think that Rishi Sunak was a better Chancellor of the Exchequer than the current one by a ratio of over 2:1. Does the Minister agree with the public at large?
Lord Livermore (Lab)
Why do we not just compare their records? Where the previous Government delivered the slowest projected growth in the G7, growth in the first half of this year was the fastest in the G7. Where they presided over the worst Parliament ever for living standards, living standards have increased by 2.1% since the election. Where they oversaw the worst pay growth in a century, real wages grew more in the first 10 months of this Government than in the first 10 years of the previous Government. Where they continually cut capital spending and deterred investment, we are investing for the long term, with £120 billion extra over the next five years. We will continue to rebuild the economy after 14 years of failure from the party opposite.