Andrew Jones
Main Page: Andrew Jones (Conservative - Harrogate and Knaresborough)Department Debates - View all Andrew Jones's debates with the HM Treasury
(2 years, 6 months ago)
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Rishi Sunak
I think that the official Labour party view is that the windfall tax would raise £2 billion. The way we have structured ours means it will in fact raise £5 billion, which is a significant amount of revenue that will help fund the things we have announced today.
Andrew Jones (Harrogate and Knaresborough) (Con)
I particularly welcome the support that my right hon. Friend is giving to those most impacted by this surge in inflation. As part of his excellent statement, he highlighted supply-side reforms that will be most important in the medium term but will take some time to come through. Could he perhaps give a little more information about those supply-side reforms that he is intending?
Rishi Sunak
My hon. Friend speaks with experience on this matter, given his previous roles.
I will give a couple of examples. One we have touched on, which is energy supply and making sure that we can improve it, but there is also the labour market, which we know is tight. That is why it is important that we move people off welfare and into work and reform high-skill migration. Beyond that, we will go after all opportunities across all sectors where we can deregulate and improve our productive capacity.