Lords Economic Affairs Committee (@LordsEconCom) / X

Lords Economic Affairs Committee

2,167 posts

Lords Economic Affairs Committee

@LordsEconCom

A House of Lords committee that considers economic affairs & makes recommendations to Government. Inquiry: The UK's fiscal framework. Header: Adobe Stock

London, England

parliament.uk/hleconomicaffa…

Joined June 2015

Lords Economic Affairs Committee
@LordsEconCom
Apr 28
Replying to @LordsEconCom
… larger buffers that reflect the unavoidable forecast errors in the OBR’s projections. Also, changes to existing fiscal rules should be formulated as part of a concerted, in-depth consultation exercise conducted in a period where there is no formal political campaigning.
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Lords Economic Affairs Committee
@LordsEconCom
Apr 28
Replying to @LordsEconCom
When the Government operates with a small fiscal buffer, the potential for non-compliance with the fiscal rules increases, leading in turn to speculation about policy measures to ensure compliance. The Government should commit to operating with substantially…
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Lords Economic Affairs Committee
@LordsEconCom
Apr 28
Our new report concludes that the current fiscal rules can be met without any actual reduction in debt being achieved over the long term. The Government should set out an additional commitment such that in normal times debt in the third year is lower than in the first year.
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Lords Economic Affairs Committee
@LordsEconCom
Apr 28
See what our Chair Lord Wood has said about our new report, ‘Fortifying the fiscal framework’. Find out more here: committees.parliament.uk/committee/175/…
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Lords Economic Affairs Committee
@LordsEconCom
Apr 28
The UK’s fiscal framework is intended to promote sustainable public finances and we’ve just published our new report on it. Read our ‘Fortifying the fiscal framework’ here:
Fortifying the fiscal framework report published - Committees - UK Parliament
From committees.parliament.uk
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Lords Economic Affairs Committee
@LordsEconCom
Feb 9
Last week the committee concluded its inquiry into the UK’s fiscal framework, hearing evidence from James Murray MP, Chief Secretary to the Treasury. Visit LinkedIn to read a short summary of the session:
3 February 2026 - The UK’s fiscal framework - Oral evidence - Committees - UK Parliament | Economic...
From linkedin.com
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Lords Economic Affairs Committee
@LordsEconCom
Jan 28
The Finance Bill Sub-Committee has published it's report on the Draft Finance Bill 2025-26. Read our report here : committees.parliament.uk/committee/230/…
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Lords Economic Affairs Committee
@LordsEconCom
Jan 21
Read the short summary we’ve posted on LinkedIn about what former @OBR_UK Chair Richard Hughes told the committee last week. He gave evidence on the UK’s fiscal framework, the role of the OBR, and the circumstances of his recent resignation.
13 January 2026 - The UK’s fiscal framework - Oral evidence - Committees - UK Parliament | Economic...
From linkedin.com
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Lords Economic Affairs Committee
@LordsEconCom
Jan 14
On 13 January 2026, Richard Hughes, former chair of the Office for Budget Responsibility, gave evidence to our inquiry on the UK's fiscal framework. A full recording is now available: parliamentlive.tv/event/index/fe… Here is the opening statement from the session:
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Lords Economic Affairs Committee
@LordsEconCom
Dec 19, 2025
Listen to our Chair, Lord Wood of Anfield, talking to BBC Radio 4’s Today programme about our new report, ‘Preparing for an ageing society’ (from 1:15:56): bbc.co.uk/sounds/play/m0…
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Lords Economic Affairs Committee reposted
BBC Radio 4 Today
@BBCr4today
Dec 19, 2025
The UK is ’strikingly unprepared’ for the challenges of an aging society according to a cross-party committee in the House of Lords. Lord Stewart Wood, chair of the Economic Affairs Committee, tells #R4Today why people between 50 and 65 are dropping out of the workforce.
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BBC News: UK
From bbc.co.uk
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Lords Economic Affairs Committee reposted
Financial Times
@FT
Dec 19, 2025
The UK should prioritise helping people in their 50s and 60s to stay in work to ease pressure on public finances and living standards, a House of Lords committee has said. ft.trib.al/tw4O1DL
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Lords Economic Affairs Committee
@LordsEconCom
Dec 19, 2025
We are pleased to announce the publication of our report 'Preparing for an ageing society.' Read the full report here: committees.parliament.uk/committee/175/… Here is our Chairman @StewartWood with a summary of the key points:
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