Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Alison Thewliss Excerpts
Tuesday 15th November 2022

(2 years, 1 month ago)

Commons Chamber
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Lindsay Hoyle Portrait Mr Speaker
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I call the SNP spokesperson, Alison Thewliss.

Alison Thewliss Portrait Alison Thewliss (Glasgow Central) (SNP)
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I welcome this latest Chancellor to his place. Many of our constituents, such as my constituent Angela, have seen their bills double. Angela’s gas bill has gone up from £130 to £260 a month. She lives in a tiny, two-bedroom flat on carer’s allowance and personal independence payment, with a son who has a disability, and she simply cannot afford these bills. Cornwall Insight has estimated that come March, when the energy support ends, the price cap will rise to £3,700. There has been talk of targeting support after that, but National Energy Action has pointed out the risk that many people who are already suffering in fuel poverty will be excluded. What reassurance can he give people out there whose bills are already unaffordable about what will happen in March?

Jeremy Hunt Portrait Jeremy Hunt
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I want to reassure the hon. Lady. My right hon. Friend the Chief Secretary to the Treasury spoke to John Swinney, the Scottish Finance Minister, yesterday. We are thinking very carefully about all these issues, but to correct any misunderstanding, let me add that the energy price support that we give to families will not end next April, and I will announce on Thursday what that support will be.

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Lindsay Hoyle Portrait Mr Speaker
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I call SNP spokesperson, Alison Thewliss.

Alison Thewliss Portrait Alison Thewliss (Glasgow Central) (SNP)
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Thank you, Mr Speaker. Austerity is a damaging Tory political choice, which is responsible for 330,000 excess deaths. A responsible and compassionate Government would explore all options to avoid it. Will the Chancellor consider taxing share buy-backs, as the US and Canada have done? The Institute for Public Policy Research and Common Wealth have pointed out that oil and gas, financial services and other companies have funnelled their mega-profits into share buy-backs. Does the Chancellor agree that that is inexcusable when he wants to hike taxes on working people and slash public services?

Jeremy Hunt Portrait Jeremy Hunt
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The hon. Member had better listen to what we say on Thursday before she jumps to conclusions. We will approach the difficult situation that we face progressively. We will ask those who have more to give more. I advise her not to talk down the financial services and energy industries, which employ thousands of people in Scotland.