Speech in Lords Chamber - Mon 01 Dec 2025 OBR Forecasts
"I am grateful to my noble friend, and I agree with him that this was a very serious breach of highly sensitive information—a fundamental breach of the OBR’s responsibility—and it should never have happened. On the IP address, I do not believe that it has yet been discovered, but ongoing …..." Lord Livermore - View Speech
"The noble Baroness seems to know very well what went on behind closed doors and what the Prime Minister and Chancellor said to Ministers in various private meetings. I am afraid that I do not think that she does know what went on behind closed doors. As I have said …..." Lord Livermore - View Speech
"I am very grateful to my noble friend for reminding us that, at the end of the day, it is the substance of the Budget that matters. It is worth reminding ourselves what the Budget and the Chancellor achieved. She cut energy bills by £150, cut NHS waiting lists, cut …..." Lord Livermore - View Speech
"I am grateful to the noble Lord for his question. The OBR has upgraded Britain’s growth forecast for this year from 1% to 1.5%, reaching the same conclusion as the IMF, the OECD and the Bank of England, which have already upgraded their growth forecasts. We were the fastest-growing economy …..." Lord Livermore - View Speech
"I am very grateful to my noble friend for what he says about the action we took to help scale-up businesses in the UK. As many noble Lords will know, the UK is already a great place to start a business, but our companies are not scaling at the same …..." Lord Livermore - View Speech
"Unsurprisingly, no, I do not agree with the noble Lord. He will remember that, in the last five years of the previous Government, spending on welfare increased by £88 billion. The Government are taking action to ensure income from assets is taxed fairly, narrowing the gap between taxes paid on …..." Lord Livermore - View Speech
"It does this by cutting the cost of living and reducing inflation, cutting NHS waiting lists and cutting government borrowing every year so interest rates keep falling. For small and medium-sized businesses, the Budget supports high streets with permanently lower tax rates for 750,000 retail and hospitality properties, backs entrepreneurs …..." Lord Livermore - View Speech
"I am grateful to my noble friend for her support for what we announced yesterday in terms of apprenticeships. We are investing £1.5 billion over the spending review period for investment in employment and skills support, including £725 million for the growth and skills levy to help support apprenticeships for …..." Lord Livermore - View Speech
"There were several measures to help businesses scale up. The enterprise management incentive scheme will be significantly expanded and made available to more companies. Enterprise investment scheme investment limits and gross asset thresholds will be doubled, and venture capital trust investment limits and gross assets thresholds will also be doubled. …..." Lord Livermore - View Speech