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Lords debates Budget statement

2 November 2021

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The House of Lords debated the economy in light of the Budget statement on Wednesday 3 November. 


Lord Agnew of Oulton (Conservative), Minister for HM Treasury and Cabinet Office, put forward the debate and responded on behalf of the government. 

Budget statement

The Budget statement updates Parliament and the nation on the state of the economy, public finances and progress against the government's economic objectives. 

This was a general debate. During debates members put their experience to good use to discuss current issues and draw the government's attention to concerns. 

The debate took place in Grand Committee, away from the chamber.

Members speaking

Members speaking included: 

  • Lord Turnbull (Crossbench), former Head of the Home Civil Service
  • Lord Fox (Liberal Democrat), Liberal Democrat spokesperson for Department for Business, Energy and Industrial Strategy
  • Lord Lamont of Lerwick (Conservative), former Chancellor of the Exchequer
  • Lord Davies of Brixton (Labour), Director and Actuary of the Union Pension Services.

The Bishop of Newcastle made her valedictory speech.

Get involved 

Watch and read the debate

Catch up on Parliament TV  or read a transcript in Lords Hansard.

Explore background information

Learn more about how the House of Lords checks and challenges government.  

Photo: Unsplash