Lord Lawson of Blaby
Main Page: Lord Lawson of Blaby (Conservative - Life peer)Department Debates - View all Lord Lawson of Blaby's debates with the HM Treasury
(9 years, 3 months ago)
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Lord Newby
My Lords, it is simply not true: income inequality has not risen under this Administration. The £1,600 figure—which was immensely dubious even when it was first used three years ago—is now completely outdated by the fact that wages are rising in real terms. The key thing in terms of prosperity and, indeed, income distribution is to increase the number of jobs, to increase the number of well paid jobs. We have increased the number of jobs and vastly increased the number of apprentices. That is the how we are going to enable people from the bottom end of the income scale to do better in the future.
Lord Lawson of Blaby (Con)
My Lords, my noble friend the Minister referred to the forthcoming Private Member’s Bill to enshrine the 0.7% ODA figure in law. Is he aware that the Economic Affairs Committee of this House produced a unanimous report a short while ago pointing out very clearly and cogently why that would be wholly wrong?
Lord Newby
My Lords, I am, the Government are, and we disagree with the committee.