L

Lord Macpherson of Earl’s Court (CB)

Speaking in the House of Lords on 28 April 2026

Debate

Middle East: Economic Update

Contribution

My Lords, does the Financial Secretary agree that, rather than increasing revenues, an oil price of more than $100 a barrel is far more likely to reduce them because of the wider effect on the economy? Does he agree that, at a time like this, when revenues are likely to be hard to come by, the Government should be very cautious about agreeing to increased spending proposals of the sort we have been listening to today?

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