Oral Answers to Questions

Debate between Emma Hardy and Kwasi Kwarteng

Tuesday 11th October 2022 Commons Chamber

[Kwasi Kwarteng]

My hon. Friend and constituency neighbour is absolutely right. The reversal of the planned increase in national insurance will help businesses, individuals and the institutions to which he refers.

[Emma Hardy (Kingston upon Hull West and Hessle) (Lab)]

Can the Chancellor state how much the investment zones are worth and how they will be funded?

[Kwasi Kwarteng]

There will be more detail about investment zones. My right hon. Friend the Secretary of State for Levelling Up, Housing and Communities will be updating the House on the specifics of the zones.

The Growth Plan

Debate between Emma Hardy and Kwasi Kwarteng

Friday 23rd September 2022 Commons Chamber

[Kwasi Kwarteng]

My hon. Friend has made an excellent point about renewables. It is always salutary for the House to be reminded that we have 11 GW—in fact, nearly 12 GW—of installed capacity of offshore wind, which makes us second only to China in terms of the offshore wind roll-out. There is no reason why we cannot continue to lead the world in offshore wind, solar, and other forms of renewable power.

[Emma Hardy (Kingston upon Hull West and Hessle) (Lab)]

Does the Chancellor agree with the former Bank of England rate-setter Martin Weale, who has said that the Government’s approach could “end in tears” with a run on the pound?

[Kwasi Kwarteng]

What will end in tears are high taxes, high spend and very low growth, and that is exactly the iron circle that we are trying to break.