Taxes - Question

Part of the debate – in the House of Lords at 2:58 pm on 15 July 2025.

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Photo of Lord Livermore Lord Livermore The Financial Secretary to the Treasury 2:58, 15 July 2025

I am grateful to the noble Lord for his question and for his expertise. That Budget created the deepest recession in British history, so I do not know that we necessarily want to follow it in its entirety.