The Growth Plan
Debate between Hilary Benn and Kwasi Kwarteng(2 years, 3 months ago)
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Kwasi Kwarteng
We have looked at that in the past. It was not without controversy, but I would be happy to hear my hon. Friend’s ideas on the subject.
Hilary Benn (Leeds Central) (Lab)
The Chancellor argues, on the one hand, that those on the lowest incomes—people on universal credit—should face the threat of their income being reduced further to boost economic growth, while on the other hand, that people already on the highest incomes, such as bankers, need an increase in their incomes through their bonuses to do the same. How on earth is that fair?
Kwasi Kwarteng
It is a very basic lesson. We currently tax bonuses at about 50%, which goes into public services. It is absolutely legitimate to get more people into the labour market. That seems to be a reasonable thing to want to do.
Energy Security Strategy
Debate between Hilary Benn and Kwasi Kwarteng(2 years, 8 months ago)
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Kwasi Kwarteng
I think I would be getting a bit ahead of myself if I were to decide here and now at the Dispatch Box where that body will be sited, but I pay tribute to my hon. Friend’s tireless and passionate advocacy for the nuclear industry. She, among a number of others in this Chamber, has been a brilliant champion, and I look forward to working with her to drive nuclear power in Wylfa and across the country.
Hilary Benn (Leeds Central) (Lab)
People used to have their water supply cut off if they could not pay their bill, until it was made illegal to do so. Given that more and more of our constituents will be unable to pay their gas and electricity bills as the year progresses, does the Secretary of State share my concern that more and more prepayment metres will be installed in response, and that our constituents will in effect end up disconnecting themselves because they do not have enough money to put in the meter? If so, what is he going to do about it?
Kwasi Kwarteng
As I said in an earlier answer, I speak to the industry all the time. This has been raised, and we want to prevent people from having to take up prepayment metres if they can avoid it. That is something that we have done through a number of interventions to try to reduce the impact of very high prices globally. I also refer the right hon. Gentleman to the fact that my right hon. Friend the Chancellor of the Exchequer has announced a £9 billion package to help people who face high bills.