Government Spending
Debate between Lord Tomlinson and Lord Bethell
Lord Bethell
I am not sure that the noble Baroness can have it both ways. The need for investment in physical infrastructure, training and skills is urgent. Keeping a lid on debt is also important. I note that the IFS also recommended in the report to which she referred that the Government should delay setting any fiscal rules until greater certainty over EU exit was confirmed. In the meantime, the Government are pushing hard for a deal and will continue to do so.
Lord Tomlinson (Lab)
My Lords, will the Minister agree—I somehow think he might not—that the Chancellor is as frivolous in fiscal discipline and monetary rectitude as his colleague the Prime Minister is in keeping his promises? We have only to look at 31 October —do or die, dying in a ditch, and all the other things that we have had to live with. Does the Minister agree that the Chancellor is following in the very bad habit of making promises that he has no intention or capacity to keep?
Lord Bethell
My Lords, I was desperately searching for something I could possibly agree with in the noble Lord’s analysis, but there is nothing. The Chancellor is taking extremely pragmatic, well-judged decisions on investment in infrastructure for the country. These investments have been called for by business, the trade unions and professional groups. His decisions are thoroughly sensible and are supported by many noble Lords on all sides of the House.