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Lord Spellar (Lab)

Speaking in the House of Lords on 4 November 2024

Debate

Budget: Taxes and Borrowing

Contribution

My Lords, is it not the case that the last Government’s plans would have taken tax as a share of GDP to 37.1%? Even then, they subsequently announced, but failed to account for, billions of additional public spending while promising unrealistic tax cuts. Does my noble friend agree that last week’s Budget measures were necessary to fill the last Government’s black hole and get this country back on track?

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