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

The noble Baroness has a rather selective memory: she seems to have forgotten about the last 14 years. But she is quite right that the most sustainable way to repair the public finances is through growing the economy. At the last fiscal event, the OBR scored our planning reforms as the biggest increase in growth of any non-fiscal measure, and we hope very much that it will continue to score our growth measures. As she says, that is the most sustainable way of repairing the public finances.