Economic Responsibility and a Plan for Growth Debate

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Department: HM Treasury

Economic Responsibility and a Plan for Growth

Anna McMorrin Excerpts
Wednesday 19th October 2022

(2 years, 2 months ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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As a member of the Treasury Committee, my hon. Friend understands the issues well. The chief executive of BP says that his company is like a cash machine at the moment. We should be ensuring that companies pay their fair share. The war in Ukraine and the illegal invasion of Ukraine mean windfall profits that they could never have dreamed of, but they also mean the highest bills ever for families and pensioners, so the energy companies should pay their fair share.

Anna McMorrin Portrait Anna McMorrin (Cardiff North) (Lab)
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My hon. Friend is making an excellent speech. Professor Sinha, the author of the Institute of Health Equity’s report on fuel poverty, has said that there is no doubt that children will die this winter. In July alone, 12,000 more people phoned the Samaritans. Those are the dire consequences of these political actions, yet our energy companies are taking the profits.