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Lord Livermore (Lab)

Speaking in the House of Lords on 24 June 2025

Debate

UK Infrastructure: 10-year Strategy

Contribution

I am grateful to the noble Lord—I was going to say “my noble friend”—for his question. The fiscal rules are non-negotiable, as he will know. We have put them in place for exactly the reasons he described. Too often in the past, public investment has been cut to patch up holes in day-to-day spending. The reason we are setting out this 10-year plan now is to give certainty and stability to the investment horizon, and we will protect that investment going forward.

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