Oral Answers to Questions

Debate between Elizabeth Truss and Matt Western

Wednesday 12th October 2022 Commons Chamber

[The Prime Minister]

I can tell my hon. Friend that Great British Nuclear will be set up this year, and it will bring forward new nuclear projects. I am delighted about her support for Wylfa and for making sure that we have nuclear power provided in Wales. I would like to see that right across the United Kingdom.

[Matt Western (Warwick and Leamington) (Lab)]

May I welcome the Prime Minister to her place? I am not sure how to measure a good honeymoon, but after five weeks of a crisis conceived in Downing Street—a crash in pensions, interest rates rising, mortgage market turmoil and complete financial chaos—the country has been left wanting divorce. In two recent polls, 60% of those in this country want an immediate general election. The Prime Minister claims that she is listening mode; will she give way to the public?

[The Prime Minister]

I think the last thing we need is a general election.

Ukraine

Debate between Elizabeth Truss and Matt Western

Monday 28th March 2022 Commons Chamber

[Matt Western (Warwick and Leamington) (Lab)]

I want to place on record my thanks to the people of Warwick and Leamington for their phenomenal response to this crisis, and in particular to members of the Polish community and to Dawid Kozlowski, who has set up a warehouse one and a half times the size of this Chamber for all the contributions that have been received. Can I ask the Secretary of State to elaborate on the point raised by the right hon. Member for Dumfriesshire, Clydesdale and Tweeddale (David Mundell) about humanitarian aid going from the UK not just into Ukraine but into neighbouring countries, and on how that is being channelled?

[Elizabeth Truss]

Humanitarian aid is going directly into Ukraine—some of it is being delivered by the UN agency and by international Red Cross, and some by the Ukrainian Government themselves. In terms of the aid that is supporting in neighbouring countries, we are working through the UN but we are also working directly with the Government of Poland and other neighbouring Governments who have an effective system to be able to deliver that aid. So a lot of the aid we are putting in is going to those Governments so that they can distribute it. We are also acting as a deliverer of logistics for third-party Governments. For example, the Australians have contributed donations and we are doing the logistics to get that Australian aid into the neighbouring nations and also directly into Ukraine.

Oral Answers to Questions

Debate between Elizabeth Truss and Matt Western

Tuesday 8th March 2022 Commons Chamber

[Matt Western (Warwick and Leamington) (Lab)]

21. What assessment she has made of the impact of UK sanctions imposed to date on (a) individuals and (b) entities associated with the conflict in Ukraine.

[The Secretary of State for Foreign, Commonwealth and Development Affairs (Elizabeth Truss)]

Together with our G7 allies, we have put the toughest sanctions on Russia in our history. We have sanctioned 228 individuals and entities. Our bank sanctions target £259 billion-worth of assets, compared with £240 billion by the US and £34 billion by the EU. We have also targeted more defence companies, cut access to British ports and closed airspace. Yesterday, this House passed new legislation to speed up the sanctioning of oligarchs, and from next Tuesday we will be able to do all of them.

--- Later in debate ---

[Elizabeth Truss]

My hon. Friend is right. The west can no longer be reliant on Russian oil and gas. We need to end dependency by agreeing ceilings with our G7 partners, agreeing a timetable for reduction and helping through price support and supply support those countries that are very dependent. Of course, nuclear and renewable energy will play a vital role in moving forward.

[Matt Western]

Targeted sanctions are critical if we are to avoid significant collateral economic damage. However, despite what the Government may claim, the facts speak for themselves. According to Castellan AI, the total number of sanctions placed on Russia since 2014 by country is as follows: the US, 1,200; Canada, 900; Switzerland, 800; the EU, 766; and the UK, just 271. This is not leadership, is it? Why are the Government so slow?

[Elizabeth Truss]

We have led on cutting Russia off from SWIFT. We have led on closing our airspace and closing our ports. If we look at the total financial impact—the aim here is to debilitate the Russian economy—we can see that the sanctions we have put on banks, defence, aviation and oligarchs add up to £364 billion. In the US, they add up to £340 billion, and in the EU, they add up to £124 billion. We have to look at the overall financial impact, and it is much higher for the UK than for our allies. Of course we encourage them all to do more, and we need to work together.

Russia

Debate between Elizabeth Truss and Matt Western

Thursday 6th January 2022 Commons Chamber

[Elizabeth Truss]

I agree with my hon. Friend: we do need to step up our efforts as the free world. In fact, in a speech I made before Christmas I said that there had not been enough action, and that peace and security in Europe and beyond had been taken for granted not just by the western alliance but more broadly by the free world. That is why we are stepping up in the work we are doing to challenge Russia and encourage our allies. We are encouraging the United States and the EU and working with them to develop the very clear consequences of any Russian action.

[Matt Western (Warwick and Leamington) (Lab)]

The Foreign Secretary claims that we have the toughest regime, but if we follow the money, it seems that the Russian oligarchs see the UK and its dependencies as the preferred safe deposit box for their investments. Will she outline what military involvement she and the Defence Secretary have considered might be put into play from the UK? Will she update the House on her Department’s advice to UK nationals who either live in Ukraine or are considering travelling to Ukraine?

[Elizabeth Truss]

As I have said, the Defence Secretary visited Ukraine in the autumn. We are providing all the support we can to Ukraine in terms of both economic resilience and security—namely, helping with training troops, providing intelligence services, and providing support for its naval vessels. We continue to work to do that and I am co-ordinating very closely with the Defence Secretary.

Oral Answers to Questions

Debate between Elizabeth Truss and Matt Western

Thursday 19th November 2020 Commons Chamber

[Matt Western (Warwick and Leamington) (Lab)]

What assessment she has made of the potential effect on UK trade policy of the outcome of the 2020 US presidential election.

[The Secretary of State for International Trade (Elizabeth Truss)]

We have made good progress on our US deal, agreeing the majority of text and the majority of chapters. We are working with both sides of the House in the US for a deal that benefits both our two nations.

--- Later in debate ---

[Elizabeth Truss]

In the new UK global tariff we have reduced the tariffs on 100 green goods, and we want to encourage more other countries to support that. Of course we are committed to working with the US, and next year we will have the presidency of the G7. That is a really good opportunity for us to pursue that agenda of tackling climate change, alongside our COP26 commitments, and of course we will be looking at putting these in all our trade deals.

[Matt Western]

Although we would all want a successful outcome to any trade negotiations with the US, will the Secretary of State confirm that, according to the Government’s own best-case scenario, any US deal with the UK will account for growth of only 0.16% over 15 years? Will she confirm what this will translate into if we do not get a deal with the EU? What loss in growth will we sustain?

[Elizabeth Truss]

Our assessment suggests that a £15 billion increase in trade will result from a US deal and also that we will see tariffs of half a billion pounds taken off fantastic British companies, be they in ceramics or the car industry, which will help to boost that growth. But the EU deal and the US deal are not in contradiction to each other; we should be aiming to do both. The problem is that the Labour party seems willing to agree any deal with the EU and willing to agree no deal with the US. What Conservative Members want is a good deal for Britain.

ONS Decisions: Student Loans

Debate between Elizabeth Truss and Matt Western

Tuesday 18th December 2018 Commons Chamber

[Elizabeth Truss]

I cannot pre-empt the Augar review, which is currently taking place, of student finance—it will look at some of the issues the hon. Lady has raised—nor can I pre-empt a future fiscal event. This question is somewhat premature, because the ONS has not yet produced its detailed figures on the issue.

[Matt Western (Warwick and Leamington) (Lab)]

It would seem from the ONS decision that the same sort of mathematical genius has been applied that was applied with Tesconomics a few years ago. Given that 45% of the debt will not be repaid and that a large proportion of the debt is interest, does the Chief Secretary think it is astute and prudent to apply such an extortionate rate of interest—6.3%?

[Elizabeth Truss]

All aspects of student finance are under consideration in the Augar review, but that is a very different issue from how the ONS classifies various accounting decisions within Government. As I have said, the DFE is leading on the Augar review, and it is addressing those issues.