Wednesday 2nd December 2020

(3 years, 4 months ago)

Lords Chamber
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Lord Hamilton of Epsom Portrait Lord Hamilton of Epsom (Con)
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My Lords, does my noble friend share my concern about the whole principle of hypothecation of revenues being spent on particular areas of public spending? Why should overseas aid be so deserving rather than health, education or any other area? Surely this seriously inhibits the ability of the Chancellor to deal with crises, such as the one that we are facing now in the finances of this country, if money is hypothecated for certain causes? Secondly, does my noble friend welcome the fact that the British people are some of the most generous when it comes to giving their money to good causes that they choose? That is not the same thing as government Ministers using other people’s money to spend on causes that the Government choose.