Contributions
2,978 recent contributions in Hansard
HANSARDEconomic SituationWell, if the nationalist Administration in Scotland were willing to support more natural gas and oil extraction or indeed nuclear power generation, that would help the energy…12 Oct 2022HANSARDEconomic SituationWe have excellent regulators overseeing our financial system and pensions in particular, whether we are talking about the Bank of England, the Prudential Regulation Authority, the…12 Oct 2022HANSARDEconomic SituationThe hon. Member was obviously not listening to my previous answers in which I said that the decision has not been taken and the CPI figure, which is a critical input into the…12 Oct 2022HANSARDEconomic SituationWe have every sympathy with people who are struggling. That is why we have the energy price guarantee. It is why we have had the £37 billion intervention. It is why we are cutting…12 Oct 2022HANSARDEconomic SituationI do not call the lowest unemployment for 48 years, and the top growth rate in the G7, economic chaos.12 Oct 2022HANSARDEconomic SituationThe hon. Member calls for a reversal of the growth plan, yet she voted in favour of its largest measure just last night. She talks about sidelining the OBR, yet it will be fully…12 Oct 2022HANSARDEconomic SituationWe do not plan to defer the tax measures, because we think that having an internationally competitive tax system is important, as it will help to encourage businesses and…12 Oct 2022HANSARDEconomic SituationAs I have said, no decisions have yet been taken; that will happen in the normal way in the coming weeks. I have already explained how the minimum wage has gone up and how we have…12 Oct 2022HANSARDEconomic SituationPublic expenditure both in Wales and across the United Kingdom stands at record levels. It has never been higher. In relation to extra funding, we are going to have iron…12 Oct 2022HANSARDEconomic SituationI dispute the claim that there was no targeting. I have already pointed out that the minimum wage has risen hugely under this Conservative Government, from £5.93 an hour to £9.50…12 Oct 2022HANSARDEconomic SituationObviously I am not in Washington and have not heard those comments. I am not going to speculate about what the Bank of England Governor may have said. We are working closely with…12 Oct 2022HANSARDEconomic SituationIf the hon. Member is asking about the state pension, the Prime Minister has been clear that we stand by the triple lock. If he is asking about the private pension system, yes, I…12 Oct 2022HANSARDEconomic SituationWe are very mindful of the impact that rising global interest rates have on businesses. That is one reason why we will keep corporation tax at 19% rather than increase it to 25%.…12 Oct 2022HANSARDEconomic SituationThat is why we have offered the energy price guarantee to businesses as well as to consumers, and why we are keeping corporation tax low at 19% rather than putting it up. Of…12 Oct 2022HANSARDEconomic SituationThe Chancellor is in extremely regular contact with the Governor of the Bank of England, which, with its various agencies, has responsibility for systemic financial stability. We…12 Oct 2022HANSARDEconomic SituationOn the energy bills for the dry cleaner in the hon. Member’s constituency, she must be aware that the whole world has been experiencing the energy price crisis as a result of…12 Oct 2022HANSARDEconomic SituationI am obviously not going to offer individual financial advice to constituents. What I would say is that there are about 2,300 mortgage products currently on the market. We are…12 Oct 2022HANSARDEconomic SituationI have explained already that there is a global upswing in interest rates—12 Oct 2022HANSARDEconomic SituationThe right hon. Gentleman can say no and not want to hear it, but I will just tell him again. In the United States, in the last nine months, there has been a 3% increase in the…12 Oct 2022HANSARDEconomic SituationI thank my hon. Friend for his question. It obviously depends on the prices at which the Bank and England buys and sells bonds or gilts in the market. It is worth observing that…12 Oct 2022