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1,533 recent contributions in Hansard
HANSARDGDP Per CapitaClearly, we need to make sure that we retain top talent in this country, as the previous questioner asked me about, but we also need to make sure that we increase the living…20 Oct 2025HANSARDGDP Per CapitaYes, I can absolutely confirm that that remains our mission. Our growth mission is to have the fastest-growing economy in the G7. We are currently the fastest-growing economy in…20 Oct 2025HANSARDGDP Per CapitaThe noble Baroness is absolutely correct to say that productivity is a long-standing problem in the economy. As I understand it, productivity fell to the lowest in the G7 under…20 Oct 2025HANSARDGDP Per CapitaMy noble friend is absolutely correct. The previous Government gave us austerity, taking demand out of the economy at exactly the wrong moment; a Brexit deal, which reduced GDP by…20 Oct 2025HANSARDGDP Per CapitaI hear what the noble Baroness says. The OBR is currently considering the economic and fiscal impacts of the immigration White Paper published in May and will report back in its…20 Oct 2025HANSARDGDP Per CapitaMy noble friend is very generous in inviting me to mention the £22 billion black hole. She is correct that capital spending is a significant driver of growth in our economy. The…20 Oct 2025HANSARDGDP Per CapitaMy Lords, the latest data from the ONS shows that GDP per capita has risen by 0.9% over the past year, in line with the OBR’s forecast, and this is the second fastest in the G7.…20 Oct 2025HANSARDGDP Per CapitaThe noble Lord is absolutely correct. That is currently a significant issue. As I understand it, the ONS is reviewing that data, and that review is ongoing.20 Oct 2025HANSARDGDP Per CapitaThat is a very long question but I can give the noble Lord a very short answer. Yes, of course, I agree with him. It is very important that we retain our high earners and retain…20 Oct 2025HANSARDStablecoin OwnershipI wish my noble friend a very happy birthday— his question allows me to give him a good present. It is fair to say that, right now, he cannot receive his state pension in…16 Oct 2025HANSARDStablecoin OwnershipThere is definitely something worth considering in that. I have learnt a lot in preparation for this Question. I know very little about the subject, but much more than I did when…16 Oct 2025HANSARDStablecoin OwnershipThe UK Government recognise that facilitating stablecoin innovation is important for UK competitiveness. The Bank of England is the independent regulator for systemic stablecoin…16 Oct 2025HANSARDStablecoin OwnershipMy Lords, stablecoins stand to play an important role in driving innovation in digital assets. It is important for the UK to position itself as a competitive global destination…16 Oct 2025HANSARDStablecoin OwnershipI am grateful to the noble Lord for his question. Before I answer him directly, perhaps I may also pay tribute to the Lord Speaker. He has been a friend to me since I first joined…16 Oct 2025HANSARDStablecoin OwnershipI do not accept what the noble Baroness says. There are, of course, financial stability and other considerations associated with stablecoin, but these need to be balanced against…16 Oct 2025HANSARDStablecoin OwnershipI agree with every word that the noble Lord said. Absolutely, getting the regulatory regime right for this is important. As I said, we will bring forward that legislation by the…16 Oct 2025HANSARDStablecoin OwnershipI am grateful to the noble Lord for his question. I am sure that, as chair of that group, he could help educate very many of us in this House. As I have said, the Government…16 Oct 2025HANSARDSchool Fees: VATI do not know about the specific policy that the noble Baroness is talking about but, as I say, we significantly increased per-pupil funding in the previous spending review to a…13 Oct 2025HANSARDSchool Fees: VATThe answer to that is no. VAT applies to private boarding fees as well as private tuition fees. At private schools, boarding is very often included as part of a single overall…13 Oct 2025HANSARDSchool Fees: VATWithout Brexit, GDP would be 4% higher, so we would not need to.13 Oct 2025