Financial Stability: Private Equity Firms Debate

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Lord Young of Cookham

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Financial Stability: Private Equity Firms

Lord Young of Cookham Excerpts

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Wednesday 13th December 2023

(11 months, 2 weeks ago)

Lords Chamber
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Baroness Vere of Norbiton Portrait Baroness Vere of Norbiton (Con)
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I 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.

Lord Young of Cookham Portrait Lord Young of Cookham (Con)
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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?

Baroness Vere of Norbiton Portrait Baroness Vere of Norbiton (Con)
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I would not wish to speculate; however, I am not sure it would have been good things.

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