Economic Policies

Lord Dobbs Excerpts

Wednesday 4th July 2012 Lords Chamber

[Lord Sassoon]

I am not sure that was a question that was addressed to me. However, I do not think that characterises the position of any noble friends of mine.

[Lord Dobbs]

My Lords, will my noble friend cast his mind back to the memoirs of the last Labour Chancellor—and how good those words sometimes sound—in which he described the situation at the end of his tenure of office as being “brutal and volcanic”? It is not clear to me whether he was talking simply about the economic situation that he passed on or his relationship with the Prime Minister, but when my noble friend looks at the sea of outrage opposite, does he not think that, even for them, it comes a bit rich?

[Lord Sassoon]

I entirely agree with my noble friend.