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The Financial Secretary to the Treasury (Lord Livermore) (Lab)

Speaking in the House of Lords on 11 June 2025

Debate

Economic Growth

Contribution

My Lords, the Government’s plan for change set out three metrics for the economic growth mission: first, that we will aim for the highest growth in the G7—we are currently the fastest-growing economy in the G7; secondly, higher living standards in every part of the country—living standards are now forecast to grow more than four times faster than in the previous Parliament; and thirdly, rising GDP per capita. Whereas this fell in the previous Parliament, GDP per capita is now forecast to rise by 5.6% in this Parliament.

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