Public Finances: Borrowing Costs

Debate between Darren Jones and Harriett Baldwin

Thursday 9th January 2025 Commons Chamber

[Darren Jones]

I thank the Chair of the Science, Innovation and Technology Committee for her question. She will know that our first commitment in the Labour party manifesto at the last election was to fiscal responsibility. It is the bedrock of this Government and the bedrock of every decision we take. As the Prime Minister set out in his plan for change, the reason people will know the difference that a Labour Government make is that they will have more money in their pockets by the end of this Parliament than when it started.

[Dame Harriett Baldwin (West Worcestershire) (Con)]

In yesterday’s extraordinary emergency statement from the Treasury to try to calm the markets, it paid tribute to the fact that the Government inherited the second-lowest debt in the G7. Is the reason the Government Front Bench is so empty today and the Chancellor has fled to China that she has realised that her Budget means she now is the arsonist?

[Darren Jones]

I must say I am rather surprised by the inflammatory language of the former Chair of the Treasury Committee, which is clearly no reflection of reality. The Chancellor is going on her trip to China. It has been well documented for many weeks, and it is an important visit for trade and investment in the UK economy. May I say that there was no emergency statement or emergency intervention? Those are make-believe words being propagated by Opposition Members. The Treasury responded to requests from journalists about headroom, as we might do in the normal way. There is no need for any emergency intervention, and there has not been one.

Cyclone Idai

Debate between Darren Jones and Harriett Baldwin

Wednesday 20th March 2019 Commons Chamber

[Harriett Baldwin]

I pay tribute to the hon. Gentleman’s extensive knowledge of these issues. He will be aware that I alluded to some of the impacts that are already apparent in terms of access to the port of Beira, and he rightly emphasises how important that port is to neighbouring countries. We are going through a process of assessment in terms of reopening the roads, which, the House should be aware, have already been built on quite high causeways, so there has already been account taken of the fact that this is a flood-prone region with many rivers flowing through it. Steps will need to be taken to ensure that there is access to the port and that it reopens as soon as possible because of the whole region’s dependence on food imports and exports going through it.

[Darren Jones (Bristol North West) (Lab)]

There is an increasing body of scientific evidence linking extreme weather to increasing carbon emissions. What diplomatic efforts is the Minister’s Department making, in partnership with the Foreign and Commonwealth Office, to make the case both to our partners around the world and to our own Government that we need to reach our net zero carbon emissions target sooner rather than later?

[Harriett Baldwin]

The hon. Gentleman will be aware of the work that my right hon. Friend the Minister for Energy and Clean Growth is doing in having commissioned work to see how the UK can show leadership on net zero. We await what comes out of that report. He will be aware of the UK’s leadership so far in terms of our ability to have reduced our own carbon emissions very significantly. He will be aware of the programming that is being done through international climate finance, which has already helped to avoid or mitigate some 10.8 million tonnes of emissions in the atmosphere. He will also be aware that we are leading through our international networks. I mentioned the uplift in our new approach to climate change in Africa, but we will be convening the international community at the United Nations to deal with the all-important issue of resilience.