Lord Bilimoria recently shared his thoughts about the aftermath of the 2015 General Election and a reluctance to celebrate British achievements in an article published in the Telegraph. In the feature he hailed the stable business conditions created by the election result and argued for the new wholly Conservative government to take decisive action to tackle the decline in the UK’s productivity, while continuing to reduce the nation’s deficit.
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.