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Lord Livermore (Lab)

Speaking in the House of Lords on 11 June 2025

Debate

Economic Growth

Contribution

My Lords, the noble Baroness says that growth was anaemic under this Government. As I said before, the UK was ranked seventh out of seven for projected 2025 growth when this Government took power but is now the fastest-growing economy in the G7. We all know what the Tory record on growth was; had the economy grown over their 14 years at the average of other OECD economies, it would have been £150 billion larger. The noble Baroness asked what was in the spending review to boost growth. I have already listed some of the measures: record investments in housing, R&D, transport and skills, more money to reduce inactivity, more money for childcare, access to finance and a record investment in nuclear. Every single penny of that her party opposes. She says she supports growth, but she does not support a single one of the measures to get it.

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