Yesterday, Lord Bilimoria responded to the UK Government’s Autumn Statement 2015 in a debate in the House of Lords. In his speech, Lord Bilimoria welcomed the Chancellor’s change of heart over planned cuts to tax credits. He also applauded the introduction of measures which improve the provision of funding to mature and part-time students, as well as those which provide further support to postgraduate students, while calling for the government to introduce measures to help increase the UK’s manufacturing output.
Speaking in the House of Lords on Thursday, Lord Bilimoria addressed a number of issues raised by the Chancellor’s Autumn Statement – the penultimate finance statement ahead of next May’s General Election. Lord Bilimoria criticised the slow pace of deficit reduction and missed economic targets by the coalition – whilst also speaking in favour of tax reform, increased government support for research and development and expressing concern at funding levels for the British Armed Forces.