L

Lord Northbrook (Con)

Speaking in the House of Lords on 12 June 2025

Debate

Spending Review 2025

Contribution

My Lords, I particularly welcome the extra nuclear expenditure in the spending review. However, the IFS director, Paul Johnson, said that his think tank was “baffled” by the Chancellor’s spending review. He said that the Chancellor will “have all her fingers and all her toes crossed”, but that OBR borrowing and growth forecasts are not downgraded for the autumn, which will “almost certainly spark more tax rises”. Can the Minister say whether that will be the case, or will there be more borrowing? Secondly, supporting my noble friend Lady Altmann’s point about encouraging investment in UK-quoted equities, can the Minister give his views on how insurance companies and pension funds could be encouraged to devote more assets to the quoted areas of these markets?

More from Lord Northbrook (Con)

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

Partner sites