Public Spending: Inheritance - Statement

Part of the debate – in the House of Lords am 12:54 pm ar 30 Gorffennaf 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Lord Boateng Lord Boateng Llafur 12:54, 30 Gorffennaf 2024

My Lords, I congratulate the Financial Secretary on his appointment and say how glad many of us are about his return to the Treasury. We recall—as I look around, there are a number of folk who do—his excellent service last time he was in that place.

Will he also please draw to the attention of the House —and Members opposite in particular—that when he was last at the Treasury, the United Kingdom was second only to the United States in increases in productivity and indeed had the highest growth in GDP of any member of the G7? Will he reject the carping criticisms and crocodile tears that have come from Members opposite, here and in the other place? Will he reaffirm his Government’s commitment to building on human capital and innovation to support long-term growth?