M
Member
Speaking in the House of Lords on 8 July 2025
Debate
Government Performance against Fiscal RulesContribution
We have seen what happens when fiscal rules are put to one side. Conservative Members may be chuntering from their sedentary positions, but families across the country are still paying the price of the consequences of Liz Truss’s experiment through higher mortgage payments, and we are not going to put the nation’s finances at risk as the Conservatives have done. In contrast, this Government are meeting their fiscal rules and, as a consequence of the Chancellor’s decisions, are investing billions of pounds in the renewal of Britain: in schools, hospitals, affordable homes and public transport and in keeping the nation safe. Any future fiscal plans will be set out at the Budget in the normal way”.
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