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Lord Livermore (Lab)

Speaking in the House of Lords on 17 July 2025

Debate

Tackling Unsustainable Debt

Contribution

My noble friend Lady Chapman tells me that we are doing exactly as the right reverend Prelate seeks. I completely agree with him on the history of the Jubilee movement. The UK wants to see effective solutions to those debt challenges. We strongly support the IMF’s three-pillar approach to providing support to countries facing immediate liquidity pressures. Where a country needs to restructure its debt, as I have said before, the common framework remains the best available tool to do so. We are focused on ensuring that the common framework delivers more timely, orderly and co-ordinated restructuring.

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