Energy Price Freeze
Debate between Caroline Flint and Seema Malhotra
Caroline Flint
We will be publishing a green paper that will expand further on our energy market reforms. Of course we welcome a discussion with the big six and others about how we take this forward, but we are very clear that we have to stop the cosy relationship between the generation and retail sides. It cannot be allowed to go on in the way it has.
Seema Malhotra (Feltham and Heston) (Lab/Co-op)
Does my right hon. Friend agree that it is important to restate that this whole debate is about consumers? This is about the British public—ordinary families and businesses who need the best deal—and not about having a petty debate about whether a company is one legal entity or two legal entities.
Cost of Living
Debate between Caroline Flint and Seema Malhotra
Caroline Flint
I am afraid to say that the Chancellor’s spending cuts and tax rises, which went too deep, too fast, have left our economy flatlining. As I said, the Government are borrowing £245 billion more than they planned. [Hon. Members: “Answer the question!”] I am going to. That is why we have called for infrastructure investment to be brought forward and for a temporary cut in VAT as part of Labour’s five-point plan for jobs and growth. These measures would lead to a short-term rise in borrowing, but getting growth and confidence back into the economy from a boost such as the VAT cut and investment such as in the building of affordable homes would increase our tax revenues, help reduce the welfare bill and see borrowing fall in the medium term.
Seema Malhotra (Feltham and Heston) (Lab/Co-op)
Does my right hon. Friend agree that that much-needed boost to the economy is precisely the message of encouragement that young people in this country need? It is a damning indictment of the Government’s policies that more than 1 million young people are unemployed.
Caroline Flint
My hon. Friend is absolutely right, but we are not just about providing answers on jobs—we would expect something back too—which is why, under our jobs guarantee, if someone did not take a job, they would lose benefits.