Oral Answers to Questions Debate

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Department: HM Treasury
Tuesday 20th December 2022

(1 year, 8 months ago)

Commons Chamber
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James Cartlidge Portrait James Cartlidge
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I am happy to confirm that that levy will raise £40 billion. As I said earlier—and this is very important—the support that the hon. Lady’s constituents, and indeed all our constituents, will receive this winter has to be paid for somehow. A key purpose of the levy is to help fund support for businesses and for our constituents, with higher cost of living payments for the most vulnerable and those on benefits. It is extremely generous, and, as I have said, it is bringing down inflation for the whole country.

Chi Onwurah Portrait Chi Onwurah (Newcastle upon Tyne Central) (Lab)
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Over the weekend, an anonymous Conservative MP admitted to a newspaper:

“We’ve got no ideas and people feel abandoned.”

This was an

“economy that’s in recession with 10 per cent inflation”

and

“possibly one of the least successful governments in modern Europe.”

My constituents are going into Christmas poorer as a consequence of 12 years of Conservative government. Is the Chancellor proud of that?

Jeremy Hunt Portrait Jeremy Hunt
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I am very proud of the fact that, having inherited an economy that was bankrupted by the hon. Lady’s party, we have given it one of the strongest growth rates in the developed world.