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Lord Livermore (Lab)

Speaking in the House of Lords on 30 October 2025

Debate

Public and Private Sector Productivity Trends

Contribution

I disagree with the noble Lord. I do not think that there is any tension between economic stability and economic growth. As I say, under the Liz Truss mini-Budget we saw the damage that grotesque economic instability did to business confidence and business investment in this country. Maintaining stability—that starts with stability in the public finances—is why our fiscal rules are so important to our growth mission. Stability is the precondition for economic growth in this country, so the two go very much hand in hand.

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