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Lord Livermore (Lab)

Speaking in the House of Lords on 22 April 2026

Debate

World Economic Outlook: UK Growth and Inflation

Contribution

I am very happy to agree with the noble Lord on the first part of his question: as I have said already, GDP per capita at the time of the spring forecast was forecast to rise by 5.6% over this Parliament. That compares with a fall of 0.2% in the previous Parliament—the worst Parliament on record for living standards. On welfare spending, as he knows, the previous Government increased welfare spending by £88 billion.

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