Economic Productivity

Lord Brooke of Alverthorpe Excerpts

Thursday 5th December 2024 Lords Chamber

[Lord Livermore (Lab)]

Well, I hope that the recent international investment summit, which saw £64 billion of investment come into the UK, suggests otherwise. The Office for Budget Responsibility, the Bank of England and the OECD have all upgraded their forecasts for the growth of the UK economy over the next three years; that is a very encouraging sign.

[Lord Brooke of Alverthorpe (Lab)]

Does the Minister agree that one way of increasing productivity is by reducing headcount and costs? Could we in this Chamber perhaps give a lead to the country by looking at what we are doing and seeing whether, in six months, we could reduce our headcount by getting rid of those people who come along and claim their expenses but do no work?

[Lord Livermore (Lab)]

My noble friend makes a very interesting point.