Baroness Ritchie of Downpatrick
Main Page: Baroness Ritchie of Downpatrick (Labour - Life peer)Department Debates - View all Baroness Ritchie of Downpatrick's debates with the HM Treasury
(11 years, 3 months ago)
Commons ChamberMy hon. Friend is right that there were a lot of predictions from the Opposition Dispatch Box. They said that there would be a decade of lost growth, but the economy is now growing and we have had the fastest growth in the G7 this year. They predicted that 1 million jobs would be lost, but 1.4 million jobs have been created in the private sector and unemployment is down. Above all, they advocated—indeed, they continue to advocate, because it was in the speech that the shadow Chancellor made yesterday—increased borrowing, which would lead to higher taxes and higher interest rates. The biggest threat to the British recovery is sitting right opposite me.
What progress has been made on the extension to the fuel duty rebate scheme, which is due for further implementation via a submission to the European Commission?
We have completed a call for evidence on that subject and have put forward an initial list of locations that meet the strict criteria that are required to make a successful application at the European level. Further work is needed to ensure that we have all the information that is necessary to submit the application. That will be the subject of a supplementary piece of work and we will submit the application early in the new year.