L

Lord Booth (Con)

Speaking in the House of Lords on 11 June 2025

Debate

Economic Growth

Contribution

I thank the Minister for his reply. On GDP growth, I doubt the 0.7% increase in the first quarter will be replicated later in the year. There is an old expression: one swallow does not make a summer. I suspect that that will be the case. Moody’s rating agency recently said that the Chancellor’s £25 billion tax raid on employers last October has already dented confidence in the British economy and it will weigh on growth very heavily in 2025. In fact, I believe that these policies which came into effect—

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