L

Lord Macpherson of Earl’s Court (CB)

Speaking in the House of Lords on 22 April 2026

Debate

World Economic Outlook: UK Growth and Inflation

Contribution

My Lords, I encourage the Financial Secretary not to become mesmerised by IMF forecasts. The British economy has proved remarkably resilient over the past 18 years in the face of a succession of shocks. Generally, the Government have got into difficulty when the Treasury and the Bank have done too much rather than too little. Can he confirm that any interventions will be targeted and that the Government will maintain their inflation target and stick to their fiscal rules?

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