Lord Tebbit
Main Page: Lord Tebbit (Conservative - Life peer)
Lord Young of Cookham
I understand the concern that the noble Baroness has expressed about the impact of inflation of those on low incomes, but she would not expect me to say anything that might anticipate what is in the Autumn Statement.
Lord Tebbit (Con)
My Lords, what happened to the emergency Budget which the dodgy dossier, to which the noble Lord, Lord Hannay, referred, said would be needed immediately if the electorate were so unwise as to vote for Brexit? What has happened to it? Why has it not been produced?
Lord Young of Cookham
I say to my noble friend that this country has been through a fairly divisive referendum campaign. I do not think it of great advantage to rerun some of the issues that were ventilated. We should do all we can to bring Brexiteers and Remainers together. In a direct answer to his question, the Chancellor and the Prime Minister made it clear that they are no longer seeking a surplus in the government accounts by the end of this Parliament—that target has been postponed. Therefore, some of the imperatives that my noble friend has just referred to are not as essential as they were under the previous Chancellor.