Lord Hannan of Kingsclere
Main Page: Lord Hannan of Kingsclere (Conservative - Life peer)Department Debates - View all Lord Hannan of Kingsclere's debates with the HM Treasury
(2 days, 8 hours ago)
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Lord Livermore (Lab)
I am grateful to the noble Lord for his support of the policy that we have set out. I have been clear that, on many of the issues that he raised in his question, we as a Government are having to balance several objectives. We must always ensure fiscal stability and sustainability, motoring must remain affordable for consumers and we must support the decarbonisation of the transport sector. We will continue to balance those objectives.
Lord Hannan of Kingsclere (Con)
My Lords, returning briefly to my noble friend Lord Young’s question, I noticed that the Minister has unwontedly not mentioned the £22 billion black hole. Can he tell us what the current shortfall is?
Lord Livermore (Lab)
I will not speculate now or give a running commentary on the next fiscal forecast. The OBR will produce a new forecast in the autumn for the annual Budget in the usual way, and the Chancellor will take decisions based on that forecast.