Financial Stability: Private Equity Firms Debate
Full Debate: Read Full DebateLord Young of Cookham
Main Page: Lord Young of Cookham (Conservative - Life peer)Department Debates - View all Lord Young of Cookham's debates with the HM Treasury
(1 year ago)
Lords ChamberI do not agree with the noble Lord. As he will have seen in the Autumn Statement, the Chancellor set out significant tax cuts to encourage growth. That is where we are focusing our firepower at the moment.
My Lords, further to the original Question about high interest rates, at the last general election the Green Party was committed to borrowing an extra £95 billion to pay for its commitments. What would this have done to interest rates?
I would not wish to speculate; however, I am not sure it would have been good things.