Lord Altrincham
Main Page: Lord Altrincham (Conservative - Excepted Hereditary)Department Debates - View all Lord Altrincham's debates with the HM Treasury
(1 day, 22 hours ago)
Lords ChamberIt is 3% in the next Parliament. I think those commitments are for the Parliament after next.
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?
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.