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Lord Livermore (Lab)

Speaking in the House of Lords on 5 March 2026

Debate

Small Businesses: VAT Threshold

Contribution

It is a little rich for the party opposite to ask anyone else to take responsibility after the 14 years they inflicted on this country. Last week’s labour market statistics show that there are 381,000 more people in work since the start of 2025. Of course there is more to do. However, the updated forecast from the OBR this week shows that unemployment will peak later this year before falling for every remaining year of the Parliament, ending lower at the end of the Parliament than it was at the beginning—the rate that we inherited from the noble Lord’s Government.

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