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Speech in Lords Chamber - Thu 10 Sep 2026 Fiscal Outlook
"My Lords, there are two pillars to the Government’s financial framework: monetary policy and fiscal policy. Monetary targets were introduced in the late 1970s, being replaced by inflation targets in 1992. Since 1998, the MPC has been given responsibility to adjust interest rates when the inflation rate target is not …..." Lord Turnbull - View Speech
"My Lords, we have two related debates in successive weeks. Next week we will debate the issue of long-term debt and, this week, we are addressing one of its main drivers: an ageing population. The main elements of this are well known. Older people are putting less into the Exchequer …..." Lord Turnbull - View Speech
"My Lords, I share the premise of this debate that all is not well within the triangle of relationships between Ministers, civil servants and special advisers, but the term “politicisation” may be a misdiagnosis. The problem is not so much that civil servants are being appointed on the basis of …..." Lord Turnbull - View Speech
"My Lords, I consider that this Bill is an abuse of power. When the Government take something away from one group of people, who have for 120 years had access to this park, and give it to another group without compensation, we call that confiscation. We could even call it …..." Lord Turnbull - View Speech
"My Lords, that brings me to the starting point of my remarks. I have no issues with the Bill—indeed, I welcome most of its provisions—although I am unclear on the impact on the sovereign grant if a more highly geared Crown Estate manages to increase net revenue. At face value …..." Lord Turnbull - View Speech
"My Lords, I thank the noble Lord, Lord Bridges, for his skilful chairmanship of the committee and the support we had from the start. I congratulate the noble Lord, Lord Moynihan, on shoehorning so many interesting insights into the conventional constraints of a maiden speech.
"My Lords, in the seven or so years since I joined the Economic Affairs Committee, it has produced a number of excellent reports such as those on education, training and skills for the half of the school leavers who do not go to university, building more homes, the operation of …..." Lord Turnbull - View Speech
"My Lords, I am now a member of the Economic Affairs Committee, but I was not when this report was published. Had I been, I would have endorsed it for bringing a measure of realism and proportion to the debate about net zero. It is helpful that the report recognises …..." Lord Turnbull - View Speech
"My Lords, I am sorry that I was not able to speak at Second Reading; I found out that it was scheduled only after the speakers’ list had closed. However, I have read the Hansard for that debate.
"My Lords, I have not spoken before in this Committee, but as one of the surviving members of the Parliamentary Commission on Banking Standards, I want to address an instance where an amendment directly challenges one of the proposals that was incorporated following the commission’s report. Earlier in proceedings—on day …..." Lord Turnbull - View Speech