Baroness Wheatcroft
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Fiscal Rules
Baroness Wheatcroft Excerpts(3 weeks, 2 days ago)
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Lord Livermore (Lab)
It may surprise the noble Lord but, yes, I absolutely agree with what he says. That will be a vital part of the guard-rails we set out in the Budget tomorrow.
Baroness Wheatcroft (CB)
My Lords, borrowing to invest in genuine projects that will improve the productivity of the country obviously makes sense, but if the Government are going to look at the fiscal rules again, will they consider when and how they will account for unfunded public sector pensions? At some stage, the country needs to know about those obligations too.
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.