IMF Economic Outlook

Debate between James Cartlidge and Hywel Williams

Tuesday 31st January 2023 Commons Chamber

[James Cartlidge]

I am happy to stress, for example, the hugely important Solvency II reforms that we will undertake, which will free up enormous amounts of investment in infrastructure. Of course, infrastructure is crucial to future growth. As the Minister with responsibility for alcohol duty, I am pleased to say that we will have reform in August, meaning that we could have a duty differential between pubs and supermarkets. That is only possible because of Brexit. I think the most important thing by far is that when we faced the pandemic—the greatest challenge outside war time—this country was able to move fast with an amazing vaccine programme because of its independence, which reduced deaths, freed up our economy and allowed us to reopen and get growing again.

[Hywel Williams (Arfon) (PC)]

Today, the Bloomberg UK scorecard reports that, relative to London, life has got worse in areas that voted to leave the EU. That includes Ynys Môn, where the 2 Sisters factory has announced that it is closing in March, with 730 people losing their jobs—many of them from my Arfon constituency. There is no point in the Minister blustering with excuses about covid and Russia; that company says plainly that Brexit is partly to blame. No more excuses and apologies; what is the Minister going to do about it?

[James Cartlidge]

I am sorry to hear that. I do not know the specific circumstances. Obviously, we want to see strong investment and growth in this country, particularly in manufacturing. I can tell the hon. Gentleman that, as he is aware, unemployment is about the lowest it has been for decades in this country—we are very proud of that fact. But where there are challenges, we want to look at them, and if he writes to me with the details of that case I will happily look into it.