The Growth Plan Debate

Full Debate: Read Full Debate
Department: HM Treasury

The Growth Plan

Catherine McKinnell Excerpts
Friday 23rd September 2022

(2 years, 2 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Kwasi Kwarteng Portrait Kwasi Kwarteng
- Hansard - - - Excerpts

The enterprise zones, freeports and new investment zones will all benefit from tax reduction and planning relaxation. Of course, there will come a time when other places will want to become investment zones. This is a huge opportunity for communities up and down the country.

Catherine McKinnell Portrait Catherine McKinnell (Newcastle upon Tyne North) (Lab)
- Hansard - -

Twelve years of a Conservative Government and another growth plan, yet the reality is that the child poverty gap between the north-east and the rest of the country is at a 20-year high. Will the Chancellor explain how giving tax cuts to the wealthiest will put food on the table of children living below the poverty line in Newcastle this winter?

Kwasi Kwarteng Portrait Kwasi Kwarteng
- Hansard - - - Excerpts

When a recession and economic downturns have hit in the past, the people most adversely affected are the most vulnerable in society. That means we have a duty to grow the economy and make sure that we turbo-charge growth. That is how we will help all our constituents.