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My Lords, I thank the noble Lord, Lord Bridges, for the committee’s excellent report. Around the time it was issued, I wrote for the website of OMFIF, a think tank that I am involved with, totally rejecting and criticising this scheme. It is not so much that it does not solve a problem but that it will create one. The most significant problem it will create is that it will deprive ordinary...
My Lords, it is genuinely a pleasure to follow the noble Lord because I have always listened to him and, while I have never agreed with him, he studies the problem thoroughly and I like that. I respect what he said and, in some cases, I want to follow him. I am not a Christian and not only am I an atheist, it is much worse: I am an economist. The question I want to ask is: who gains from this...
My Lords, I shall speak in the gap. In July last, when Boris Johnson was still in power, I said in this House that things are going to get very bad and we will see a repetition of the 1970s and 1980s. The only thing against the Autumn Statement is that it is too optimistic about the future. It more or less says, “Let’s hold on until the election and then we will face up to the reality.”...
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Entered the House of Lords on 5 June 1991
Party was Labour until 19 Nov 2020
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