L

Lord Clarke of Nottingham (Con)

Speaking in the House of Lords on 8 July 2025

Debate

Government Performance against Fiscal Rules

Contribution

My Lords, since the 2008 financial crisis, this country has built an unsustainable level of public debt in relation to our GDP, and the cost of servicing that debt is a serious constraint on financing public services. Does the Minister agree that any easing of fiscal rules in those circumstances would run a serious risk of creating another financial crisis, with more hardship? Will he undertake to stick firmly to the rather lax fiscal rules we have, as the Chancellor keeps affirming, and try to put up more stalwart resistance to the left-wing Back-Benchers in his party who seem to have got into the House of Commons in rather considerable numbers?

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