Economic Growth - Question

Part of the debate – in the House of Lords at 3:10 pm on 16 September 2025.

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Photo of Lord Livermore Lord Livermore The Financial Secretary to the Treasury 3:10, 16 September 2025

It is a welcome return for the noble Lord and a pleasure to be asked a question by him again after a somewhat lengthy absence. The answer to his question is no. We heard from the Liberal Democrat Benches strong support for the investment we announced in the spending review. They supported— I think—every single piece of regional, transport, health, and education investment right across the board. Not a single piece of investment that we announced did they oppose, but they are now saying that they oppose the way in which we raise that money. That, I am afraid, is something we see on many Liberal Democrat leaflets across the country. It is also the route that led to the Liz Truss mini-Budget, wanting to support outcomes but not supporting the difficult measures to support those outcomes.

The noble Lord mentioned small business. We set out a very clear small business strategy to support small businesses in this country.