Economy: Deficit Reduction

Lord Ryder of Wensum Excerpts

Monday 15th October 2012 Lords Chamber

[Lord Myners]

My Lords—

[Lord Ryder of Wensum]

My Lords, can my noble friend please tell the House about the last time that the IMF forecasts for the British economy were accurate?

[Lord Sassoon]

My Lords, I am not going to give a commentary on the IMF’s forecasts, or anybody else’s. We should wait until 5 December to see what the Office for Budget Responsibility has to say in its renewed forecasts.