(2 years, 1 month ago)
Commons ChamberWe do face very difficult economic times. I have been honest about the mistakes I have made, but what I do not apologise for is the fact that we have helped households through this winter with the energy price guarantee, the fact that we have reversed the national insurance rise and the fact that we are taking action to get our railways running rather than being disrupted by the militant trade unions that the hon. Lady supports.
We are compassionate Conservatives. We will always work to protect the most vulnerable, and that is what we did with the energy price guarantee. We are going to make sure that the most vulnerable are protected into year two, and I am sure that the Chancellor has heard my hon. Friend’s representations on the contents of the medium-term fiscal plan.
(2 years, 7 months ago)
Commons ChamberThe right hon. Gentleman is absolutely right: this is about the future of freedom and democracy, and the future of European security. The Ukrainians and President Zelensky are fighting bravely. They are fighting not just for their own future, but all our futures, and they deserve all the help we can give them: humanitarian support, lethal aid, and the moral and diplomatic support that we are providing.
The right hon. Gentleman is also right to say that Putin must not gain from this appalling aggression. There will be no letting up on sanctions. We want to see sanctions tightening. Putin will pay the cost. He will be held to account in the International Criminal Court. We are working with our allies to collect evidence. Of course, we need to make sure that Ukraine is rebuilt following this appalling war and the appalling devastation that the people of Ukraine have experienced.
The right hon. Gentleman is also right that we want to see sanctions increase. In the case of banks, the UK has imposed the most bank sanctions of any of our allies. We want our allies to follow suit, and we want to do more in terms of completely de-SWIFTing the Russian economy and tackling banks of strategic importance, such as Sberbank. We also sanction more oligarchs and other entities than either the EU or the US does. We want to do more, we will do more and we want our partners to do more.
The most crucial thing of all is cutting off the supply of finance from oil and gas. That is what will completely debilitate the Putin regime, and that is why we want the G7 to agree a very clear timetable to end dependence on Russian oil and gas completely. It is vital that we never go back to being dependent on an authoritarian regime for core parts of our economic survival. With next week’s NATO summit, we have an opportunity to move forward with those plans. I encourage all our allies to work with us on this, because the only thing that Putin will understand is tougher sanctions and more defensive aid.
We have boosted our defence spending, and we continue in talks with our NATO allies about boosting the eastern flank. The UK is also leading with the joint expeditionary force, working with our allies around Europe. I talk to my European counterparts all the time. We are committed to boosting European security and working with our friends right across the EU.
Perhaps for too long, the west has harvested the peace dividend, but there is no doubt that we have entered a new era in the battle for democracy globally. May I urge my right hon. Friend to do what she can within Government not only to make the case for a sustained and substantial increase in defence spending, but to ensure that our soft power capabilities are adequately resourced, for the very simple reason that jaw-jaw should always be preferable to war-war?
My hon. Friend makes a good point about the peace dividend. The reality is that, right across the west, not enough has been spent on defence. Meanwhile, the Russians have been building up their armed forces, their military capability and their disinformation efforts. One thing I have done is to re-establish an information unit in the Foreign Office to tackle Russian disinformation. We are working to get that information into Russia so that the people of Russia have a clear view about what is going on, in contrast to the propaganda from their Government. We are also working on expanding our soft power, whether it is through the BBC or other outlets, to get the truth across to the people of Russia. As to my hon. Friend’s other point, I am sure that he will be raising it with the Chancellor at Treasury questions very soon.
(6 years, 11 months ago)
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I see, regrettably, that the misery has spread to the Liberal Democrats; there seems to be a contagion on the Opposition Benches. I invite the right hon. Gentleman to welcome the fact that this country has the lowest unemployment in 40 years. We also have the third highest number of start-ups in the world—a record number for this country—and the other positive benefits that we are seeing due to the actions of this Conservative Government.
Most of us—certainly those of us on the Conservative Benches—accept that a good trade deal is better than no deal, that there is always give and take in a negotiation, and that it is important that we meet our financial commitments. However, does the Minister accept that this issue is largely a storm in a teacup, because nothing is agreed until everything is agreed? It is important to make that point and not to listen to the few siren voices who still refuse to accept the result of the referendum.
My hon. Friend is right. Regrettably, there are people—particularly on the Opposition Benches—who still do not seem to accept democracy and that fact that people did vote to leave the European Union.