Written question asked by Baroness McGregor-Smith (Non-affiliated) on Monday, 13 July 2026, in the House of Lords. It was due for an answer on Monday, 27 July 2026. It was answered by Lord Pitt-Watson (Labour) on Friday, 24 July 2026 on behalf of the Treasury.
Public Sector Debt
- Question
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To ask His Majesty's Government what assessment they have made of the report by the Office for Budget Responsibility Fiscal risks and sustainability, published on 7 July, in particular its conclusion that the current trajectory for public debt is unsustainable over the long term; and what steps they intend to take in response.
- Answer
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The Office for Budget Responsibility’s Fiscal Risks and Sustainability Report (FRS) 2026 confirms the need to boost growth and maintain sustainable public finances. A written ministerial statement (HLWS199) was published on 7 July alongside the publication of the FRS, setting out the actions the government is taking to reduce the deficit and ensure long-term sustainability.[1]
[1] https://questions-statements.parliament.uk/written-statements/detail/2026-07-07/hlws199 UK Parliament, 7 July 2026.
Secondary information
- Type
- Written question
- Reference
- HL2004
- Session
- 2026-27
- Related items
- Subjects
- Public sector debt
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-07-24 11:13:53 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2026-27/HL2004
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