National Insurance: GDP Debate

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Department: HM Treasury

National Insurance: GDP

Lord Brooke of Alverthorpe Excerpts
Thursday 19th December 2024

(1 day, 20 hours ago)

Lords Chamber
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Lord Brooke of Alverthorpe Portrait Lord Brooke of Alverthorpe (Lab)
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Given the ever-increasing demands for more and more public expenditure which we listen to every day of the week in this House, will the Minister consider presenting a form of debate for the House whereby we can look to try to extend the area in which tax might be raised to meet those public expenditure demands? Could he also look at the possibility that we may increase national insurance contribution returns by extending national insurance contributions beyond the state retirement age, as we now have 1.5 million people working beyond that age?

Lord Livermore Portrait Lord Livermore (Lab)
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The question of which debates the House has is not a matter for me—I think that is somewhat above my pay grade—but my noble friend is absolutely correct to say that we hear consistent demands from the party opposite for more and more spending, but they never seem to be willing to tell us exactly where the funds for that will come from. Of course, that is exactly why we ended up with a £22 billion black hole in the public finances: because they never took the difficult decisions to pay for any of their promises.