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Lord Livermore (Lab)

Speaking in the House of Lords on 12 June 2025

Debate

Spending Review 2025

Contribution

I am grateful to my noble friend for giving me the feedback that he is receiving. He is absolutely right to highlight the incredibly important things we have done in the spending review for Scotland, such as the investment of £8.3 billion over the Parliament in homegrown, clean nuclear power, alongside establishing a new government campus for energy that draws on the world-leading engineering expertise in Aberdeen, the Acorn carbon capture and storage project that he mentioned, and £750 million for a new supercomputer at Edinburgh University. Those are all genuinely exciting developments. As my noble friend said, this is a record settlement for the Scottish Government since devolution in 1998. They will receive £50.9 billion per year on average between 2026-27 and 2028-29, including an additional £2.9 billion per year on average through the operation of the Barnett formula and £451 million of targeted capital funding in addition. My noble friend asked how we will ensure that that is spent on our priorities. Obviously, the best way to do that is to ensure that people vote Labour at the next election.

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