L

Lord Livermore (Lab)

Speaking in the House of Lords on 26 March 2026

Debate

Middle East: Economic Update

Contribution

Yes, I am absolutely certain that she understands the difference between those two things. As I have said already, the war in the Middle East is not one that we started nor one we have joined, but it will have an impact on our country. The OECD’s projections are highly sensitive to the duration of the shock and reflect the impact of higher energy prices, to which the noble Lord knows we are more exposed than many other countries. But I am absolutely certain that, in an uncertain world, we have the right economic plan. The decisions we have taken have put us in a better position to protect the country’s finances and family finances from global instability.

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