Speech in Lords Chamber - Mon 01 Dec 2025 OBR Forecasts
"My Lords, I add my praise for Richard Hughes and his outstanding public service, mentioned by the noble Baroness, Lady Neville-Rolfe, the Minister and others. I have two questions for the Minister about the Treasury-OBR relationship going forward, learning the lessons from what has happened.
To ask Her Majesty’s Government whether they intend to publish a distributional analysis of the impact of the Budget on households with different levels of income...." Lord Wood of Anfield - View Speech
"I thank the Minister for that Answer. The Institute for Fiscal Studies estimates that the Budget has made 8.4 million working families worse off, many considerably so, through tax credit changes. However, the Chancellor has unilaterally decided not to tell the British public from now on what the distributional impact …..." Lord Wood of Anfield - View Speech
To ask Her Majesty’s Government what is their assessment of the level of income tax receipts so far this financial year...." Lord Wood of Anfield - View Speech
"I thank the Minister for that precise answer. As today’s alarming ONS figures confirm, this Government are presiding over a recovery in which wages, far from recovering, have continued to deteriorate. As a result, the public finances are getting worse and social security spending targets are being missed by over …..." Lord Wood of Anfield - View Speech
To ask Her Majesty’s Government what assessment they have made of the impact of increases in house prices on the strength of the United Kingdom economy...." Lord Wood of Anfield - View Speech
"My Lords, the list of those expressing serious concern about the impact of the UK housing market now includes the IMF, the European Commission, the Royal Institution of Chartered Surveyors, the Bank of England, Vince Cable, the Deputy Prime Minister and the entire economics profession. However, in a week where …..." Lord Wood of Anfield - View Speech
"My Lords, I thank the noble Baroness, Lady Brinton, for this debate. I have learnt a lot from the various excellent contributions over the past hour.
The economic downturn that followed the crash of 2008 has been the most severe since the great depression and the most protracted since the …..." Lord Wood of Anfield - View Speech
"My Lords, yesterday we saw a Conservative Chancellor give a Budget at a time of stagnant growth, rising levels of unemployment not seen since the mid-1990s, youth unemployment at more than 1 million, with unemployment among certain groups such as young black males now around 50 per cent, and real …..." Lord Wood of Anfield - View Speech
"My Lords, it is a privilege to be standing before you today. In particular, I am proud to be representing the cause and interests of redheads from across the political spectrum. I pledge to stand up for this minority in the years ahead. As an academic, my experience of public …..." Lord Wood of Anfield - View Speech