My Lords, over the past three months, the Government have subjected the British economy to two episodes of extreme foolishness. First came the Truss-Kwarteng episode, going for growth without a coherent strategy and throwing money at the wealthy. Unfortunately for Britain, the ideology and economic reality did not mix. As...

My Lords, over the past three months, the Government have subjected the British economy to two episodes of extreme foolishness. First came the Truss-Kwarteng episode, going for growth without a coherent strategy and throwing money at the wealthy. Unfortunately for Britain, the ideology and economic reality did not mix. As...

I know that the Minister would not want to mislead the House, so I was very surprised by her figures on government investment. I looked up

the OBR figures and, as a share of GDP, public sector net investment is now half what it was in the last year of...

I know that the Minister would not want to mislead the House, so I was very surprised by her figures on government investment. I looked up

the OBR figures and, as a share of GDP, public sector net investment is now half what it was in the last year of...

My Lords, the spending review was a revelation. It revealed how the Chancellor will shape policy over the coming years. The first revelation is found in the Chancellor’s statement that

“our economic emergency has only just begun.”

Mr Sunak spells out the emergency: debt is

“clearly unsustainable over the medium term.”—[Official Report, Commons,...

My Lords, the spending review was a revelation. It revealed how the Chancellor will shape policy over the coming years. The first revelation is found in the Chancellor’s statement that

“our economic emergency has only just begun.”

Mr Sunak spells out the emergency: debt is

“clearly unsustainable over the medium term.”—[Official Report, Commons,...