Economic Policies

Lord Eatwell Excerpts

Wednesday 4th July 2012 Lords Chamber

[Lord Sassoon]

I entirely agree with my noble friend.

[Lord Eatwell]

My Lords, as but one little wavelet on the sea of outrage, may I ask the noble Lord whether, when he referred to the Government achieving stability for the British economy, he was referring to their achievement of reducing the growth rate from 2% to zero?

[Lord Sassoon]

My Lords, I was referring to 800,000 new private sector jobs since the election. I am talking about interest rates at levels we have not seen for 300 years, and more of the same.