Economic Growth

Lord Hintze Excerpts

Tuesday 16th September 2025 Lords Chamber

[Lord Hintze (Con)]

My Lords, what analysis has been done between tax rates and the growth rate? Ignoring that ignores the effects of the Scully curve and crowding out in the economy.

[Lord Livermore (Lab)]

The points the noble Lord makes are perfectly fair. Obviously, the Chancellor has to balance at any fiscal event the importance of fiscal responsibility and sustainability and the need to grow the economy. She will do so in the forthcoming Budget in the way that she always does.