Baroness Randerson
Main Page: Baroness Randerson (Liberal Democrat - Life peer)Department Debates - View all Baroness Randerson's debates with the HM Treasury
IMF Economic Outlook
Baroness Randerson Excerpts(1 year, 3 months ago)
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Baroness Penn (Con)
My Lords, I believe that that is not a forecast but a modelling assumption. We will look at the record of the UK economy since leaving the EU, and we continue to grow. Since the Brexit referendum, we have grown at a similar rate to Germany, and, last year, we had one of the highest growth rates in Europe. So we look at the record and the outturn, not just the predictions.
Baroness Randerson (LD)
My Lords, last week, Tony Danker, the leader of the CBI, made a speech in which he remarked on the fact that private investment was flooding out of the UK because of the Government’s lack of a strategy to deal with the economic mess we are in. What is the noble Baroness’s response to that criticism from the main representative of business in the UK?
Baroness Penn (Con)
I believe that, last week, Tony Danker also welcomed a speech by my right honourable friend the Chancellor of the Exchequer that set out his vision for growth in the UK, looking at the sectors that we are most competitive in, setting out proposals for new regulatory freedoms in those sectors and investing in the drivers of our economy, such as education and enterprise.