(2 years, 7 months ago)
Commons ChamberMy hon. Friend knows that devolution is at the heart of the Government’s plans to level up and strengthen communities, and in the levelling-up White Paper the Government have fully committed to offering a devolution deal to every area that wants one by 2030.
Can I declare an interest to the Chancellor? I have actually worked in a small or medium-sized business. Unlike many people on these Benches, I have actually worked in manufacturing industry, and the manufacturing SMEs in my constituency are absolutely up against it with the cost of energy. What is he going to do to relieve them right now?
I think the hon. Gentleman makes a very good point and represents his constituency ably. In respect of small businesses, we have introduced a package —an energy price guarantee not only for households but for businesses—to the tune of £30 billion in the first six months. This is something that was absolutely necessary, and I am very proud of the fact that we acted very swiftly to protect businesses such as those in his constituency.
(2 years, 7 months ago)
Commons ChamberAbsolutely. My hon. Friend will understand that, historically, we have managed to get out of high periods of debt by growing our economy. That is why we have a renewed focus on growth. What we cannot do is simply tax our way to prosperity; that has never happened before.
I inform the Chancellor of the Exchequer that that was probably the most disappointing presentation that I have heard since I came into the House in 1979. What exactly is he hiding? Is he not hiding the fact that in future, our children and grandchildren will have to pay the price of what he has announced today? Is it not the truth that we will put this borrowing on future generations, which will blight their whole future?
What I find extraordinary is that Opposition Members stood on a platform of pure unadulterated socialism in 2019 that was totally reckless and had no interest in the private sector. What we are doing is putting more money into the pockets of people and businesses. That is what drives growth.
(3 years, 11 months ago)
Commons ChamberI completely reject the basis of the hon. Gentleman’s remarks. The idea that we are at the back of the pack in decarbonisation is complete nonsense. We are the first country in the G7 to have come up with an industrial decarbonisation strategy. He and his Labour colleagues were saying, “Secretary of State, why don’t you nationalise Liberty? Why don’t you give Mr Gupta £170 million?”, and we made absolutely the right call. We showed judgment and restraint. Going forward, he will appreciate that I was the Secretary of State who resuscitated the Steel Council. We have had constructive conversations across unions and employers to work out a decarbonised future for the industry.