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Lord Livermore (Lab)

Speaking in the House of Lords on 28 April 2026

Debate

Middle East: Economic Update

Contribution

I am particularly grateful to the noble Lord for his optimism, which is much needed at times. Let us hope that he turns out to be correct. As I have said already, the long-term consequences of this are hard to predict at this point; they will depend on the severity and duration of the conflict. However, I think the noble Lord is saying that we need to make sure that our response is temporary and does not have long-lasting impacts. One of the principles that the Chancellor has set out for our response is that it should be temporary.

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