Lord Macpherson of Earl's Court
Main Page: Lord Macpherson of Earl's Court (Crossbench - Life peer)Department Debates - View all Lord Macpherson of Earl's Court's debates with the HM Treasury
(3 days, 15 hours ago)
Lords ChamberThat may be one option, but it is not the option we have chosen.
My Lords, as one of the few supporters of the original measure—like my friend, the noble Lord, Lord Clarke—I feel the Minister’s pain. But when the Treasury has to retreat, it is best to concede more rather than less; in that respect only, I congratulate the Minister on the proposal. Can he provide an assurance that, as and when the Government have the resources to consider further tax and benefit changes, they will prioritise working-age families rather than the elderly, who have benefited from considerable government largesse, not least through the triple lock?
I am grateful to the noble Lord for his qualified support for the policy. The Government absolutely know that their number one concern and mission is to increase the living standards of working people and to do so through increasing growth in the economy, and that absolutely will be the focus of our policies going forward.