UK-China Economic and Financial Dialogue

Deirdre Costigan Excerpts

Tuesday 14th January 2025 Commons Chamber

[Rachel Reeves]

I am sure the hon. Gentleman is an expert in HSBC, but I would rather take the word of the chairman of HSBC, who welcomed the tangible investments and, indeed, led the financial forum that we held in China last week. I have been really clear that we will meet the fiscal rules that I set out in the Budget, and we will do that at all times. That is the commitment I made, and it is the commitment I continue to make.

[Deirdre Costigan (Ealing Southall) (Lab)]

Will the Chancellor confirm that, for her, growth must always go hand in hand with economic security? That is a lesson that the previous Conservative Government refused to learn when they left 85% of us dependent on expensive foreign gas to heat our homes this winter.

[Rachel Reeves]

This Government’s clean energy mission will mean that we are less reliant on foreign dictators for our basic energy needs. That is why we are investing in carbon capture and storage and floating offshore wind, and it is why we are getting rid of the previous Government’s absurd ban on onshore wind.