Lord Bates
Main Page: Lord Bates (Conservative - Life peer)Department Debates - View all Lord Bates's debates with the Cabinet Office
(3 years, 8 months ago)
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Lord Bates (Con)
My Lords, in this long debate and in the substantial number of documents that accompany this Budget Statement, one fact should stand out to all of us. It states that we have experienced a shock the like of which we have never seen in the 300 years we have been keeping records of our economic performance—we have never seen anything like it in 300 years. And yet we are told by the noble Lord, Lord Agnew, and by the Chancellor, that we can expect to recover to pre-Covid levels in the second quarter of 2022. That is tribute to the remarkable and breath-taking resilience of the British people and British business, and that should give us pride and confidence for the future.