Lord Bishop of St Albans
Main Page: Lord Bishop of St Albans (Bishops - Bishops)Department Debates - View all Lord Bishop of St Albans's debates with the HM Treasury
(1 week, 2 days ago)
Lords ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Livermore (Lab)
With the greatest respect to the noble Lord, I completely disagree with what he says. His contention is that we should have taxed working people after a cost of living crisis, and after the previous Government froze income tax thresholds and raised taxes on working people by £30 billion. I completely disagree; if that is his contention, I think he is wrong. He also says we were wrong to increase investment in the economy. The IMF has said that the lack of public investment in the economy was one of the major constraints to economic growth, and we have rectified that—so, on that point too, I think he is wrong.
The Lord Bishop of St Albans
My Lords, there is great concern in the charitable sector about these increases. Can the Minister tell us whether His Majesty’s Government are monitoring the effect on the charitable sector?
Lord Livermore (Lab)
We of course monitor the effect of all our policies on all sectors of the economy. We have increased the amount of money going to charities, and we will stand by that increased investment.