B

Baroness Altmann (Non-Afl)

Speaking in the House of Lords on 25 November 2025

Debate

Forthcoming Fiscal Changes

Contribution

My Lords, I thank the Minister for his Answer. I have the upmost respect for him and believe he has acted commendably ahead of this Budget. He has been left in the position of having to issue constant denials by an approach from his colleagues which has damaged the economy, businesses and individuals. The Government are supposedly pro-business, pro-wealth creation and pro-growth. Other Ministers should not have been speculating and could have issued the kinds of robust denials the Minister has issued—much to the frustration of this House, I understand, and difficulty for himself. I would like to put on record that the communications have been shambolic and unnecessary. Does the Minister agree with his right honourable friend the Secretary of State Peter Kyle, who said that we are in a “growth emergency”? If so, does he believe the policy change pitch rolling, constant kite flying, and policies that are withdrawn, brought back and then changed, help business or individuals planning their lives? Businesses have put investment on hold. Individuals have rushed to take money out of their pensions. I urge the Minister to urge his department in future not to engage in the same kind of speculation and kite flying ahead of Budgets that we have seen now.

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