Lord Altrincham
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Tax Increases
Lord Altrincham Excerpts(1 day, 22 hours ago)
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Lord Livermore (Lab)
It is 3% in the next Parliament. I think those commitments are for the Parliament after next.
Lord Altrincham (Con)
My Lords, with rather delicate timing, the OBR published its Fiscal Risks and Sustainability report on Tuesday. It used the word “daunting” for our fiscal sustainability outlook. It expects health-related outflows to fall a little, not overall but towards the levels of a few years ago. How will the Government explain to the OBR the positioning of the outlook for personal independence payments?
Lord Livermore (Lab)
The OBR is aware of the Government’s policy. It is for it to certify the costings of that policy in its next forecast. As I have said, we will ask it for that forecast in time for the annual Budget and make decisions based on that.