Forthcoming Fiscal Changes Debate

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Department: HM Treasury

Forthcoming Fiscal Changes

Lord Hintze Excerpts
Tuesday 25th November 2025

(1 day, 2 hours ago)

Lords Chamber
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Lord Livermore Portrait Lord Livermore (Lab)
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Why do we not just compare their records? Where the previous Government delivered the slowest projected growth in the G7, growth in the first half of this year was the fastest in the G7. Where they presided over the worst Parliament ever for living standards, living standards have increased by 2.1% since the election. Where they oversaw the worst pay growth in a century, real wages grew more in the first 10 months of this Government than in the first 10 years of the previous Government. Where they continually cut capital spending and deterred investment, we are investing for the long term, with £120 billion extra over the next five years. We will continue to rebuild the economy after 14 years of failure from the party opposite.

Lord Hintze Portrait Lord Hintze (Con)
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My Lords, why does the Minister never look at GDP growth per head?

Lord Livermore Portrait Lord Livermore (Lab)
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I do, and that is rising too.