Government Performance against Fiscal Rules Debate

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Department: HM Treasury
Tuesday 8th July 2025

(2 days ago)

Lords Chamber
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Lord Livermore Portrait Lord Livermore (Lab)
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I know that that is the policy of the noble Lord’s party; it is not the policy of this party. The OBR fiscal risks report talks about an ageing population and how that presents significant fiscal challenges in supporting pensioners. The landmark pensions review, in terms of delivering better outcomes for savers and strengthening the economy, is important in that regard.

Lord West of Spithead Portrait Lord West of Spithead (Lab)
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My Lords, does my noble friend the Minister agree that, if we get defence policy wrong and there is a war, welfare and the National Health Service will count for nothing?