On 3rd November 2021, the Bishop of Newcastle gave her valedictory speech in the House of Lords, raising issues of economic planning and the impact of the government’s budget on poorer communities, and paying tribute to the North-East of England:
The Lord Bishop of Newcastle: My Lords, these past six years during which I have served as Bishop of Newcastle and as a Member of your Lordships’ House have, in a good way, been the most extraordinary years of my life. After a lifetime of living in the south, these six years in the north-east have helped me to see things from a different and much richer perspective.
The usual way to assess a Budget, the one we see in the newspapers, is to identify the winners and losers. I want strongly to resist this approach. When, aeons ago, I studied for my degree in economics, I learned that the way we spend our money shows what we value, what really matters to us. The question that matters is not what will I or we get out of this, but what kind of values does this Budget embrace—what is the moral framework undergirding it?
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