"The noble Lord is absolutely correct that there are financial consequences to the decisions that have been taken, but he will not be surprised to know that I will not speculate on the next Budget now. We will do things in the usual way. The Chancellor will ask the OBR …..." Lord Livermore - View Speech
"My Lords, the OBR will produce a new forecast in the autumn before the annual Budget, and the Chancellor will take decisions based on that forecast. We will set out our fiscal plans at the Budget in the usual way...." Lord Livermore - View Speech
"My noble friend is absolutely right to point out the mess that we inherited and why so many difficult decisions had to be taken. He is right to point to the mess they left us in the welfare system; I think we had the highest proportion of people not working …..." Lord Livermore - View Speech
"The noble Baroness knows that I will not comment on specific financial market movements, but I will write to her on stablecoin if that is okay with her...." Lord Livermore - View Speech
"Why does the noble Baroness think the UK has such a high stock of debt? Is it because her Government doubled the national debt? Yes, it is...." Lord Livermore - View Speech
"In the spending review, the Government set out our spending plans and a fully funded path to spending 2.6% of GDP on defence. We have an ambition to increase it to 3% in the next Parliament, as the noble Lord knows. I will not speculate on the next Budget now. …..." Lord Livermore - View Speech
"I am grateful to the noble Lord for his question. It is not for me to ban conversations about tax rises or cuts, but I understand what he says about tax simplification and will take his thoughts about ice cream cones back to my colleagues in the Treasury...." Lord Livermore - View Speech
"The OBR is aware of the Government’s policy. It is for it to certify the costings of that policy in its next forecast. As I have said, we will ask it for that forecast in time for the annual Budget and make decisions based on that...." Lord Livermore - View Speech
"My noble friend is right to point out the long-standing and long-term challenges that we face in fiscal policy. As the noble Lord opposite said, the OBR set out some long-standing economic realities in its fiscal risks report this week. That is why it is so important that we are …..." Lord Livermore - View Speech