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Lord Livermore (Lab)

Speaking in the House of Lords on 8 July 2025

Debate

Government Performance against Fiscal Rules

Contribution

My noble friend is absolutely right. It is exactly because of the experience of the previous Government—that disastrous Liz Truss mini-Budget, which saw mortgage rates spiral and from which working people are still suffering higher mortgage payments—that it is so important that we maintain fiscal responsibility and why we absolutely continue to adhere to our fiscal rules.

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