Budget: Press Briefings Debate

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Department: HM Treasury

Budget: Press Briefings

Baroness Penn Excerpts
Tuesday 18th November 2025

(1 day, 12 hours ago)

Lords Chamber
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Lord Livermore Portrait Lord Livermore (Lab)
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The noble Earl knows full well that I will not be commenting on the movements of bond markets.

Baroness Penn Portrait Baroness Penn (Con)
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I will not ask the Minister to comment on bond markets or to speculate. I will simply ask him whether he agrees with himself when he told this Chamber last year that a freeze on income tax thresholds would be a tax rise on working people costing them billions of pounds.

Lord Livermore Portrait Lord Livermore (Lab)
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The noble Baroness did exactly what she said she would not do and asked me to comment on individual tax measures—something she knows that I am not going to do.