Economic Growth
Lord Hintze Excerpts(1 month, 1 week ago)
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Lord Hintze (Con)
My Lords, what analysis has been done between tax rates and the growth rate? Ignoring that ignores the effects of the Scully curve and crowding out in the economy.
Lord Livermore (Lab)
The points the noble Lord makes are perfectly fair. Obviously, the Chancellor has to balance at any fiscal event the importance of fiscal responsibility and sustainability and the need to grow the economy. She will do so in the forthcoming Budget in the way that she always does.
Tax on Imports under £135
Lord Hintze Excerpts(3 months, 1 week ago)
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Lord Livermore (Lab)
I think that is a fair definition of that phrase, yes.
Lord Hintze (Con)
My Lords, I have a question to the Minister: why are we always talking about taxation and not being more efficient with our spending?
Lord Livermore (Lab)
We have just completed a zero-based review of the whole of government spending. If the noble Lord has areas of spending that he would like to cut, I am very happy to hear them.