David Mundell
Main Page: David Mundell (Conservative - Dumfriesshire, Clydesdale and Tweeddale)Department Debates - View all David Mundell's debates with the HM Treasury
(1 day, 7 hours ago)
Commons ChamberI am proud to be the Labour Chancellor who has overseen the biggest uplift in defence spending since the end of the cold war. Just last week we announced a £1 billion helicopter deal with Leonardo, based in Yeovil, just down the road from my hon. Friend. Yesterday I confirmed to the House that the Ministry of Defence has access to the special reserve. That means that the added costs of deploying additional capabilities in the middle east will be funded entirely by the Treasury special reserve.
I thank the right hon. Gentleman for raising the important issues with heating oil that his constituents are facing. I very much hope that he will be able to attend the meeting tomorrow. There are two key issues: making sure that vessels can again flow through the strait of Hormuz, which requires a de-escalation of the crisis; and stopping the price gouging that some businesses are engaged in at the moment. That is why I have asked the CMA to look at that too.