Financial Statement Debate

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Department: HM Treasury
Wednesday 23rd March 2022

(2 years, 8 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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My hon. Friend makes an excellent point and he is absolutely right: we want people to be able to keep more of their own money. The tax plan announced today represents the biggest net cut to personal taxes in a quarter of a century, proving that we very much are on the side of hard-working British people.

Ellie Reeves Portrait Ellie Reeves (Lewisham West and Penge) (Lab)
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Many of my constituents are having to choose between putting food on the table or heating their homes. At my local food bank last week, staff told me that they were facing levels of demand that they had never seen before. Meanwhile, the boss of BP’s salary has increased to almost £4.5 million. Surely the Chancellor must see that it is time for a windfall tax on oil and gas, to tackle rising energy bills.

Rishi Sunak Portrait Rishi Sunak
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I have already addressed this and I urge the hon. Lady to wait for the Prime Minister’s forthcoming energy security strategy, which will ensure that British people have affordable, secure and reliable energy and, most importantly, in the process will support British jobs and British investment.