Lord Higgins
Main Page: Lord Higgins (Conservative - Life peer)Department Debates - View all Lord Higgins's debates with the HM Treasury
(10 years, 2 months ago)
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Lord Newby
My Lords, the GDP is going to be higher in the second half of this year than it was before the crash. We are going to have more people in work. These are the two key determinants of how the average household is going to feel. In the mean time, by taking actions such as freezing fuel duties and increasing the threshold for income tax, we have given some relief to tens of millions of individuals and we intend to maintain those policies.
Lord Higgins (Con)
My Lords, in respect of my noble friend Lord Lawson’s question, is it the Government’s view that forward guidance by the Governor of the Bank of England on interest rates was helpful or not?
Lord Newby
Yes, my Lords, the Government welcomed the decision by the current governor to issue forward guidance last August. We continue to support the concept of forward guidance.