Speech in Lords Chamber - Mon 01 Dec 2025 OBR Forecasts
"My Lords, this really has been a bit of an omnishambles with announcements, scene-setting musings, U-turns, misstatements and leaks—speculation that, for a time at least, spooked the markets, raising interest rates on government debt and causing such uncertainty that businesses and individuals delayed or abandoned decisions. We in this House …..." Baroness Kramer - View Speech
"My Lords, can the Minister tell us whether there are any significant measures in the Budget which have not been announced in advance or leaked? I would invite him to mention them to us, then he can have a clean slate...." Baroness Kramer - View Speech
"My Lords, the country was led up the hill and then marched right back down again. Does the Minister recognise that this sort of kite-flying is really undermining confidence in the comments that anybody now makes from the Treasury Benches? Does he accept that, although bond yields steadied a few …..." Baroness Kramer - View Speech
"My Lords, if I had not been cheerful before hearing from the noble Lord, Lord Desai, obviously I am in an excellent mood now. It is a dark prospect indeed. I offset it by welcoming the noble Baroness, Lady Lea of Lymm. I look forward to hearing her controversial speeches …..." Baroness Kramer - View Speech
"My Lords, I am very glad that the noble Lord’s health is supporting him through this debate. He is absolutely right to draw our attention to the importance of a liquid and well-functioning interbank lending market.
"Last night in this House, the Lord Mayor of London underscored that retaining our leadership position on green finance is essential to retaining a leading role in financial services far more broadly. Understanding the pressures generated by that, could the Minister please tell us when we will get the green …..." Baroness Kramer - View Speech
"My Lords, I join in welcoming the Minister to her role and thank all noble Lords who have spoken. It has been a quite exceptional debate, both for its quality and new ideas and the wide range of contributions. But while we have been standing here, the Bank of England …..." Baroness Kramer - View Speech
"I would like to deal with that issue of efficiencies and cuts. After so many years of cutting out the fat and getting to the bone and flesh, the word efficiency is used extremely casually. Very often, it is expensive to make the change that underpins efficiency, so I will …..." Baroness Kramer - View Speech
"My Lords, the Minister, whom I welcome, said that the Government had handed off to a committee of the House of Commons the responsibility for looking at whether reform of the Pensions Regulator was required. Surely, the Government should be looking at whether reform is required because, very clearly, we …..." Baroness Kramer - View Speech