Fourth Industrial Revolution

Lord Hamilton of Epsom Excerpts

Wednesday 15th November 2017 Lords Chamber

[Lord Henley]

My Lords, it would be wrong for me to make any promises regarding legislation as I have the beady eye of the Chief Whip on me. This House and another place will be fairly busy with what we will be doing over the coming year, but I certainly take on board all the noble Baroness’s other suggestions. We welcome what she has to say.

[Lord Hamilton of Epsom (Con)]

My Lords, does my noble friend accept that inequalities have very much been caused by central banks printing money, which the European Central Bank continues to do? This finds its way into assets, so those who own assets get richer while those who do not stay where they are. Does he not agree that if the Labour Party’s principle is that it should print more money, that situation will get worse, not better?

[Lord Henley]

My noble friend makes a very good point.