Contributions
464 recent contributions in Hansard
HANSARDDraft Bank of England Levy (Amount of Levy Payable) Regulations 2024I thank my hon. Friend for that question. It is my understanding that there is not an appeal process, but the reason for that is that there is an agreed formula for when it…20 Feb 2024HANSARDUK EconomyMy right hon. Friend is correct that things are starting to get better for many people across the country, including small businesses. We have more than halved inflation, which is…19 Feb 2024HANSARDUK EconomyThe whole House knows that my right hon. Friend is somewhat of an expert on matters relating to the economy. To answer his point specifically, the national insurance tax cut was…19 Feb 2024HANSARDUK EconomyI have already explained the Chief Secretary’s comments. In relation to my own, I was referring to current spending and not overall spending. I clarified that as well. Look, there…19 Feb 2024HANSARDUK EconomyI deeply respect the right hon. Gentleman, and I will take his points one by one. On resilience, the way we get resilience for ordinary people and for households is to ensure that…19 Feb 2024HANSARDUK EconomyI am coming to that. The right hon. Lady started by talking about the Chancellor; as Economic Secretary, I am perfectly entitled to answer on behalf of the Department and I will…19 Feb 2024HANSARDUK EconomyI will take away the hon. Gentleman’s specific point and ensure that the Treasury gets back to him, but his broader point about offshore oil and gas in the North sea is very…19 Feb 2024HANSARDUK EconomyI assure the hon. Gentleman that this Chancellor and this Government are very different from those in September 2022 to which he refers. As for debt, I repeat that we are keeping…19 Feb 2024HANSARDUK EconomyThe right hon. Lady is right that many people have had very challenging times over the last couple of years. Let me correct something that I previously said to the House: the…19 Feb 2024HANSARDUK EconomyAll I would say to the hon. Gentleman is that we are in a very challenging international context and we have performed better than the international forecasts. We had high…19 Feb 2024HANSARDUK EconomyWe built on the trade and co-operation agreement through the Windsor framework, and the Opposition do not propose to change it. Indeed, the TCA is fundamental to the stability of…19 Feb 2024HANSARDUK EconomyMy right hon. Friend makes an important point about migration. I completely agree that we need higher earnings for British people, not an economy where we import too many people…19 Feb 2024HANSARDUK EconomyAs I have said many times this afternoon, inflation is a target for this Government: we aim to ensure that we continue to bring it down, and indeed we expect it to get to 2% in…19 Feb 2024HANSARDUK EconomyFirst, our record on decarbonisation beats anywhere else in the G7, so we do not take lessons from the United States or any other country in that regard. In relation to the green…19 Feb 2024HANSARDUK EconomyI have already laid out the steps that we are taking, and there is a critical need to make sure that all the regions of our country benefit from those steps. That is one of the…19 Feb 2024HANSARDUK EconomyI believe that the right hon. Lady asked a similar question of the Chancellor at the last Treasury questions, and the Chancellor responded by saying that he was absolutely clear…19 Feb 2024HANSARDUK EconomyNo, I would not.19 Feb 2024HANSARDUK EconomyTo increase investment we brought in full expensing at the last fiscal event, which should represent an increase over the forecast period of £14 billion of investment and deal…19 Feb 2024HANSARDUK EconomyI thank my hon. Friend for that question—I would say that the loss of large retail groups in Norfolk is the House’s gain. His point about the international context is serious and…19 Feb 2024HANSARDUK EconomyThe hon. Gentleman will do well. There is nobody on the Government Benches who welcomes adverse economic situations for anybody. That is why we are doing everything we…19 Feb 2024