Part of the debate – in the House of Lords at 2:47 pm on 7 July 2025.
Lord Livermore
The Financial Secretary to the Treasury
2:47,
7 July 2025
What is conducive is the most ambitious package ever to close the tax gap, raising £6.5 billion in additional tax revenue per year by 2029-30 and an additional £1 billion as a result of the measures in the Spring Statement. The spending review fully funded HMRC to deliver on those commitments.