United Kingdom Declining Birth Rate
Debate between Lord Livermore and Lord Hamilton of Epsom(2 weeks, 1 day ago)
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Lord Livermore (Lab)
It is a very important point and one that we should retain as we make policy.
Lord Hamilton of Epsom (Con)
My Lords, was the Minister not moved by reports in the press that AI is going to account for 6 million jobs in this country? If that happens, will we not be quite grateful for a low birth rate?
Lord Livermore (Lab)
We have to ensure that changing technology works to the benefit of all in society and contributes to our key objective of economic growth.
Fiscal Rules
Debate between Lord Livermore and Lord Hamilton of Epsom(3 weeks, 2 days ago)
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Lord Livermore (Lab)
I hear what the noble Baroness says. As I have said already, the Chancellor will set out the Government’s full fiscal plan, including the precise details of our fiscal rules, in tomorrow’s Budget.
Lord Hamilton of Epsom (Con)
My Lords, when the Minister was first talking about the so-called black hole, it was £21 billion. Does he accept that this is actually less than 2% of total government spending? It is almost inconceivable that anybody with their head screwed on properly in the Treasury could not find savings to that amount.
Lord Livermore (Lab)
I am very grateful to the noble Lord for allowing me to talk about the £22 billion black hole in the public finances that was covered up from the British people, from this House and from the OBR, which has confirmed it by establishing its independent review. It was always £22 billion, contrary to what the noble Lord says. If he would like to come up with £22 billion of savings, I would more than like to hear them.