Lord Boateng
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(1 day, 17 hours ago)
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Lord Livermore (Lab)
The noble Baroness will know that the OBR has not included an assessment of that Bill in its latest forecast, because it has not yet progressed through Parliament.
Lord Boateng (Lab)
My Lords, does the Financial Secretary agree with the Chancellor of the Exchequer who said that
“it is not fair that people live in this country for very long periods of their lives benefit from our public services and yet operate under different tax rules from everyone else”.—[Official Report, Commons, 8/7/15; col. 325.]
Does he agree with that statement? Was that not in fact the statement of George Osborne, the Tory Chancellor of the Exchequer? If that is the case, is there not a lot of hypocrisy and cant being shoved at this from the other side?
Lord Livermore (Lab)
I agree with much of what my noble friend says. The previous Government resisted taking action in this way for many years, but then did a screeching U-turn and implemented a series of reforms. Their reforms raised £21 billion in revenue. Our reforms will raise an additional £12 billion in revenue.