Lord Grocott
Main Page: Lord Grocott (Labour - Life peer)Department Debates - View all Lord Grocott's debates with the HM Treasury
(9 years, 3 months ago)
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Lord O’Neill of Gatley
My Lords, I cannot recollect the exact numbers but those suggested by my noble friend sound broadly accurate. It is right to refer to such parameters. Indeed, the approach towards the now preferred way of presenting the distributional analysis is predicated on taking account of the consequences of the amount of public debt and, implicitly with that, the appropriate desire of the Government to reduce that level of debt.
Lord Grocott (Lab)
My Lords, I thought the Minister said that the biggest losers were those with the highest incomes. Does he have any information for the House on how they are coping?
Lord O’Neill of Gatley
My Lords, I have not had time, given a very busy schedule since returning from Recess, to conduct a personal survey but if the noble Lord would like to join me in such an activity, perhaps we should undertake it together.