Economy: Bank of England Forecasts

Lord Wood of Anfield Excerpts

Wednesday 13th May 2020 Lords Chamber

[Baroness Penn]

We are very keen to have a green recovery which uses the Government’s policies in working towards economic growth but which also supports our commitment to net zero by 2050.

[Lord Wood of Anfield (Lab)]

My Lords, pursuing the Question put by the noble Lord, Lord Lamont, one of the—[Inaudible]—about the scale and speed of recovery. It said that growth could hit 15% for 2021 as a whole. Does the Minister not agree that inducing excessive optimism about the speed of the recovery has its own risks, and does she agree with the former Chancellor, Sajid Javid, who said today that a— [Inaudible]—unlikely?

[The Lord Speaker (Lord Fowler)]

I am afraid that we got only part of your question. Minister, can you make something of that?