Chancellor George Osborne MP faces Lords Economic Affairs Committee questions
8 September 2015
The House of Lords Economic Affairs Committee questioned the Chancellor of the Exchequer, the Rt Hon George Osborne MP, in an annual evidence session.
- Parliament TV: Evidence session with the Chancellor of the Exchequer
- Select Committee on Economic Affairs
Witness
The session took place on Tuesday 8 September in Committee Room 1, Palace of Westminster.
At 3.35pm:
- Rt Hon George Osborne MP, Chancellor of the Exchequer
Topics
The Committee questioned the Chancellor on a number of topical issues, including the economic case for the UK staying in the European Union; whether the Hinkley Point power station is a good deal for UK taxpayers; whether the extension of Right to Buy to housing associations will deplete social housing stock; and the much-debated issue of executive pay.
Other questions the Committee put to Mr Osborne were:
- What effect will the Summer Budget have on income inequality in the UK?
- What effect will the National Living Wage have on productivity and employment, and will it compensate for reductions to welfare?
- Will the Scottish Government be given greater borrowing powers and, if so, what restrictions would he seek to enforce?
- Given pauses to rail improvements in the north, is it still true that HS2 is not taking money away from the existing network?
- Given recent scandals, what concrete evidence is there of a change in banking culture?
- Is there a case for replacing the UK benefits system with a basic income?
Further information
Image: PA