Member

The noble Baroness, Lady Neville-Rolfe, asked how this fitted in with our plans for economic growth. I say to the noble Baroness that we of course take that issue seriously. The UK is now the fastest-growing economy in the G7. Up against the backdrop of global uncertainty and the very poor economic inheritance from the previous Government, we are making the right choices in the national interest. Since the election, we have already made four interest-rate cuts, signed three international deals to boost trade, saved British Steel and given a pay rise to millions by increasing the minimum wage. We are putting more pounds in people’s pockets and living standards are growing at their fastest rate for two years.