Contributions
1,533 recent contributions in Hansard
HANSARDSpring StatementMy noble friend very well draws attention to two key problems with the party opposite: the first is its record and the second is its future plans. Its record on growth is an…27 Mar 2025HANSARDSpring StatementIt is right to focus on inward investment. That is a very important aspect of our growth strategy. On corporation tax, we have set out clearly that we will cap it for the duration…27 Mar 2025HANSARDSpring StatementThe noble Lord asks me what is compassionate and fair. I do not believe that one in eight young people not in employment, education or training is compassionate or fair. I do not…27 Mar 2025HANSARDSpring StatementI thank the noble Lord for his question. I was lucky enough to work with him in the Treasury when he was an official there, so I know that he knows what he is talking about.…27 Mar 2025HANSARDSpring StatementThe impact assessment that has been done so far does not include the £1 billion re-investment, so I am not sure that we can look at those figures right now. On real household…27 Mar 2025HANSARDSpring StatementI am grateful to the noble Lord for his question. I hate to correct him, but I did not say that the £1 billion is not included in the OBR’s forecast. I said that it is not…27 Mar 2025HANSARDSpring StatementI am grateful to the noble Viscount; he has far greater expertise in these matters than I do. The Secretary of State, when she presented the package of reforms to Parliament, said…27 Mar 2025HANSARDSpring StatementMy noble friend is right. The Autumn Budget increased capital investment by £100 billion over the Parliament, including investment to protect record R&D funding, which, as my…27 Mar 2025HANSARDSpring StatementI am grateful to the noble Lord for his expertise and experience in this matter. I am more than happy to look back at the period that he mentioned. The world has perhaps moved on…27 Mar 2025HANSARDSpring StatementI am grateful to my noble friend for making that point. The Spring Statement confirms that day-to-day spending is growing in real terms in every single year of the forecast period…27 Mar 2025HANSARDStrategic Priorities Statement: DefenceMy Lords, consistent with the Government’s manifesto, the National Wealth Fund supports the growth and clean energy missions, prioritising investment in advanced manufacturing,…25 Mar 2025HANSARDStrategic Priorities Statement: DefenceI am grateful to the noble Lord for his question, but I am not sure he listened to the first Answer I gave. I very clearly said that the statement of strategic priorities sets out…25 Mar 2025HANSARDStrategic Priorities Statement: DefenceI am very grateful to my noble friend for his question. He far more eloquently than me set out what I was attempting to say in my previous answer. He draws attention to the…25 Mar 2025HANSARDStrategic Priorities Statement: DefenceI very much agree with the noble and gallant Lord. I hope those issues will be addressed through the Prime Minister’s work with the European Union on defence and security…25 Mar 2025HANSARDStrategic Priorities Statement: DefenceI am grateful to the noble Baroness for her question. The issues she raises will be addressed exactly by the defence industrial strategy. One of its key objectives, for example,…25 Mar 2025HANSARDStrategic Priorities Statement: DefenceI can absolutely confirm that all National Wealth Fund spending will be within the fiscal rules.25 Mar 2025HANSARDStrategic Priorities Statement: DefenceI will absolutely pass that on to the Chancellor.25 Mar 2025HANSARDStrategic Priorities Statement: DefenceI do agree with that, because the noble Baroness described exactly what the National Wealth Fund is there to do: to work closely with the private sector to catalyse more private…25 Mar 2025HANSARDStrategic Priorities Statement: DefenceI am grateful to the noble Baroness for her question. I do not agree with her criticism of the Treasury, but I agree with what she said about risk appetite. That is exactly why,…25 Mar 2025HANSARDStrategic Priorities Statement: DefenceI am very happy to agree with my noble friend’s assessment of the damage that Brexit has done to our economy.25 Mar 2025