(5 years, 1 month ago)
Commons ChamberMy hon. Friend is right: this is one of the top issues that come across my desk. I feel the local concern about it, and we will take that into consideration when we reach a final decision.
The National Audit Office report confirms that the UK Government have not analysed the costs and benefits of fracking and do not know how much money they have actually spent supporting fracking. Governance and regulation risks remain, as well as decommissioning liabilities that need to be resolved. Is it not time that the UK Government followed the lead of the Scottish Government and decided not to support the development of unconventional oil and gas?
As I said to my hon. Friend the Member for North East Derbyshire (Lee Rowley), we will consider the Oil and Gas Authority’s report and we will look at the evidence before we reach a final decision on the issue.
(5 years, 8 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
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My understanding was that the Chancellor of the Duchy of Lancaster’s commitment related to the period after we had decided to extend the article 50 period—that was when potential votes of the nature the hon. Gentleman describes would take place. I cannot stress more passionately to him that I still believe there is a binary choice: we still have the prospect of a deal or not. I still believe that that is an option. He has ruled it out, as have many others, but I still believe there is an option—[Interruption.] The Speaker did not rule it out.
The Minister keeps saying he is an optimist, but it seems to me, from the answers he is giving us, that he is living in a parallel universe when it comes to timescales and managing this process. Let us try again. He says that, if the withdrawal agreement does not go through this week, the Prime Minister will ask for an extension on Thursday. What we have been trying to tell him is that debating the SI next week is after Thursday and therefore pointless. So what reasons will the Prime Minister give for a long extension on Thursday?
The SI is not pointless at all because, as a matter of law, in the withdrawal Act, the exit day is 29 March. The hon. Gentleman will understand that, if we are going to extend the article 50 period, we have to amend the exit day as described in that Act, so the SI is absolutely necessary.
(5 years, 12 months ago)
Commons ChamberThe hon. Lady makes a fair point, but she will also appreciate that the deal under consideration is supported by businesses for that very reason. It can secure ongoing relationships with the certainty that we need. The problem with the Labour proposal of permanent membership of the customs union is that it completely destroys any idea that we can have an independent trade policy, which is set out on the first page of the political declaration. The Labour proposal is unambitious and completely constrains our ability to do the independent trade deals that will drive our economy in the future.
(6 years, 7 months ago)
Commons ChamberForgive me. I am pleased that the hon. Gentleman has picked me up on that.
It is right that we look at these measures in the round. Reductions in corporation tax from 28% towards 18% have been of huge benefit in trying to create a culture of entrepreneurship and in trying to create growth.
The hon. Gentleman will be aware that the Government’s Red Book at the 2017 spring Budget predicted that cuts to corporation tax would cost the UK Treasury £24 billion. How does that equate to growth?
The hon. Gentleman talks about predictions, but let us look at the past. We have cut corporation tax in every single year since 2010, but revenues from that tax have gone up. That shows exactly that the Government’s strategy is right.
Let us consider ideas about investment in our people and their education. When I go around schools in my constituency, I am struck by the fact that everyone is talking about STEM subjects—science, technology, engineering and maths. These subjects are being fostered and encouraged by the Government. The message is very much going out, right through the educational establishment and across schools, and it is very encouraging that that is happening. In my constituency, a number of schools are looking in particular to increase STEM participation among female students, which is very exciting. All these things are part of an industrial strategy. All these things will make the country more prosperous and more productive—they will drive future productivity growth. The Government are to be commended for taking an unusually medium to long-term view of the UK economy. Far too often in this House, we sling insults, with lots of abuse and all that, and we are very focused on the short term. It is exciting that in this industrial strategy we can think in terms of the medium and longer term.
On that note, infrastructure spending is very dear to my heart, as the Member for Spelthorne. Heathrow—the “H” word—is something that this Parliament will have to decide on, hopefully in the next few months, but certainly in the next couple of years. I have always been clear about my support for the third runway—or rather, I should say, the expansion of Heathrow. That is vital to drive forward the economy, productivity growth and prosperity, so we will have to tackle that.
On the broad range of infrastructure issues, investment in human capital with regard to STEM subjects, and research and development—