Lord Lawson of Blaby
Main Page: Lord Lawson of Blaby (Conservative - Life peer)Department Debates - View all Lord Lawson of Blaby's debates with the HM Treasury
Economic Inequality
Lord Lawson of Blaby Excerpts(10 years, 3 months ago)
Lords ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Newby
My Lords, one of the priorities of the Government is to ensure that work pays for everybody. This is one of the benefits that the Universal Credit will bring. This is one of the advantages of taking 2.7 million people out of income tax altogether. This is one of the reasons why my colleague, Vince Cable, has asked the Low Pay Commission to look at raising the minimum wage beyond what it might otherwise do, and this is why the Government support the living wage. Ensuring that work pays—and pays well—for people at modest levels of income is a top priority for this Government.
Lord Lawson of Blaby (Con)
My Lords, does my noble friend agree that it is far more important to focus on making the poor richer than on making the rich poorer?