(6 years, 3 months ago)
Commons ChamberThe hon. Lady knows that I have a huge amount of respect for her, but the premise behind her question is so wrong that it is hard to believe. A whole host of employers in her constituency will doubtless have beaten a path to her door to ask her to vote for the certainty and continuity that the Government’s deal delivers. If they have not done so, I would be very surprised, because they are doing it nationally.
(6 years, 6 months ago)
Commons ChamberI thank the hon. Gentleman for his question. The Secretary of State and I meet regularly with ministerial colleagues to discuss a range of EU exit-related matters. As the recently published meeting climate change requirements technical notice made clear, in the unlikely event of no deal the UK Government will initially meet our existing carbon pricing commitments via the tax system, taking effect in 2019.
The carbon tax as outlined would be devastating for companies such as CF Fertilisers in Stockton and energy-intensive industries across the country. Will the level of relief against the proposed carbon tax or any other new arrangement for energy-intensive industries leave exposed industries with no greater financial burden than they have under the EU emissions trading scheme?
That is a very good question for a Treasury Minister. More details will follow at next week’s Budget, with legislation to follow in the upcoming Finance Bill.