G20: Turkish Presidency

Baroness Morgan of Ely Excerpts

Monday 23rd March 2015 Lords Chamber

[Baroness Anelay of St Johns]

My Lords, it is a matter of discussion with the United States. Our whole focus with regard to the G20 is the implementation of previous commitments. This is one and we will continue that discussion. I know, for example, that at Lough Erne 1,000 commitments were made. Since this is the forum which has a prime focus on achieving international consensus on economic matters, we have to work for that consensus.

[Baroness Morgan of Ely (Lab)]

My Lords, as the noble Lord, Lord Balfe, has just noted, inclusiveness is one of the main aims of the presidency of the G20. The document on presidency priorities states clearly:

“At the domestic level, we must ensure that the benefits of growth and prosperity are shared by all segments of the society”.

Can the Minister explain how the Government can comply with this aim when, according to the Social Market Foundation, the rich in Britain are,

“64% richer than before the recession, while the poor are 57% poorer”;

when, despite the so-called recovery, the economic chasm between London and the regions is widening; and when 3.5 million children are living in poverty in one of the richest countries on the planet?

[Baroness Anelay of St Johns]

My Lords, the Budget showed clearly last week that in the jobs-led recovery, which is the achievement of this coalition Government, we have shown the rest of Europe the way in which one can achieve success. It is hard work and takes a long time but that is what we are doing. It means that all parts of society are benefiting, and clearly the Budget set that out word for word.