Ministerial statement on Monday, 1 June 2026, in the House of Lords, led by Lord Livermore.

Middle East: Economic Response

Lords statement on the Government's economic response to the war in Iran and actions to support families and businesses with rising costs.

Secondary information

Type: Parliamentary proceeding
Reference: 856 cc647-659
Session: 2026-27
Department: Treasury
Chamber / Committee: House of Lords chamber
Proceeding contributions: Baroness Neville-Rolfe | 856 cc647-651 (Link to this contribution)
My Lords, it is a pleasure to return to the House after such a sunny break and to be able to revi...; Baroness Kramer | 856 cc651-2 (Link to this contribution)
My Lords, till sales at UK supermarkets slowed to growth of just 0.2% in the three weeks to mid-M...; Lord Livermore | 856 cc652-4 (Link to this contribution)
I am very grateful to the noble Baronesses, Lady Neville-Rolfe and Lady Kramer, for their comment...; Lord Wilson of Sedgefield | 856 c654 (Link to this contribution)
Before we move on to Back-Bench questions, I have been asked to remind noble Lords that the next ...; Lord Howell of Guildford | 856 c654 (Link to this contribution)
My Lords, the Minister will remember—at least I think he will remember—that, after 1945, the best...; Lord Livermore | 856 c654 (Link to this contribution)
I do not personally remember 1945, although I have read about it. The noble Lord is absolutely ri...; Lord Gardiner of Kimble | 856 c655 (Link to this contribution)
My Lords, the noble Lord, Lord Campbell-Savours, is taking part remotely. I invite him to speak.<...; Lord Campbell-Savours | 856 c655 (Link to this contribution)
My Lords, with AI causing reductions in apprenticeship training and with minimum-wage resistance ...; Lord Livermore | 856 c655 (Link to this contribution)
I am grateful to my noble friend for what he said. I will certainly look up the speech and progra...; Baroness Butler-Sloss | 856 c655 (Link to this contribution)
What are the Government doing about small nuclear plants?; Lord Livermore | 856 c655 (Link to this contribution)
Does the noble and learned Baroness mean small nuclear reactors?; Baroness Butler-Sloss | 856 c655 (Link to this contribution)
Yes.; Lord Livermore | 856 c655 (Link to this contribution)
The deal to introduce the first of its kind has been signed with Rolls-Royce, and it is going to ...; Lord Hintze | 856 c655 (Link to this contribution)
My Lords, we do indeed have a great country, as the noble Lord said, and we should not be talking...; Lord Livermore | 856 c656 (Link to this contribution)
I am grateful to the noble Lord for his question, but I am slightly mystified by his saying that ...; Lord Fuller | 856 c656 (Link to this contribution)
My Lords, over three months ago, I was one of the first people to raise in this House the consequ...; Lord Wilson of Sedgefield | 856 c656 (Link to this contribution)
Will the noble Lord get to the question, please?; Lord Fuller | 856 c656 (Link to this contribution)
With the Cereals event next Tuesday, what good news can the Minister give to farmers who are plan...; Lord Livermore | 856 c656 (Link to this contribution)
I am very grateful to the noble Lord for the informed comments that he makes. As he said, he is a...; Lord Redwood | 856 c657 (Link to this contribution)
The Minister is right that they are taking it seriously. Given the huge pressures from fertiliser...; Lord Livermore | 856 c657 (Link to this contribution)
We are spending billions of pounds on exactly what the noble Lord asks about. I am not sure how h...; Bishop of Manchester | 856 c657 (Link to this contribution)
My Lords, as this debate has continued, I have become increasingly concerned that the phrase “Mid...; Lord Livermore | 856 c657 (Link to this contribution)
I am grateful to the right reverend Prelate. As he will know, the Government set out their plans ...; Lord Mackinlay of Richborough | 856 c657 (Link to this contribution)
My Lords, it must be noted that the Government are enjoying and using many of the Brexit dividend...; Lord Livermore | 856 c658 (Link to this contribution)
It really does take a Brexit zealot to say that. Cutting tariffs may gain us 0.001% of GDP wherea...; Baroness Bennett of Manor Castle | 856 c658 (Link to this contribution)
My Lords, a number of the questioners on this Statement have referred to the small scale of many ...; Lord Livermore | 856 c658 (Link to this contribution)
I find myself having the unusual experience of agreeing with the noble Baroness. Bus use is incre...; Baroness McIntosh of Pickering | 856 c658 (Link to this contribution)
I wish to raise the issue of the increase in price and the shortage of supply of red diesel and t...; Lord Livermore | 856 c659 (Link to this contribution)
As the noble Baroness will know, as she is far more expert in these matters than I am, in order t...; Lord Bellingham | 856 c659 (Link to this contribution)
The Minister said that the UK was “too exposed to energy imports”, and he mentioned that he was t...; Lord Livermore | 856 c659 (Link to this contribution)
Just to be clear, I said that oil and gas production in the North Sea is an important and valuabl...; Baroness Wheatcroft | 856 c659 (Link to this contribution)
My Lords, attractions such as zoos and galleries have been campaigning for a long time for a cut ...; Lord Livermore | 856 c659 (Link to this contribution)
The noble Baroness knows that we have introduced a temporary cut in the rate of VAT on summer att...
Subjects: Children Bus services Armed conflict Concessions Children's play Chemicals Fares Energy Excise duties Food Large goods vehicles Fuels Oil Manufacturing industries Natural gas Profits Prices Iran Middle East Performing arts Taxation VAT Supermarkets Tickets Ceramics Red diesel Tourist attractions Hospitality industry Mileage allowances
Contains statistics: Yes
Link: View this Parliamentary proceeding on hansard.parliament.uk

Middle East: Economic Response

Secondary information

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