The Growth Plan Debate

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Department: HM Treasury
Friday 23rd September 2022

(1 year, 7 months ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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My hon. Friend has made an excellent point about renewables. It is always salutary for the House to be reminded that we have 11 GW—in fact, nearly 12 GW—of installed capacity of offshore wind, which makes us second only to China in terms of the offshore wind roll-out. There is no reason why we cannot continue to lead the world in offshore wind, solar, and other forms of renewable power.

Emma Hardy Portrait Emma Hardy (Kingston upon Hull West and Hessle) (Lab)
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Does the Chancellor agree with the former Bank of England rate-setter Martin Weale, who has said that the Government’s approach could “end in tears” with a run on the pound?

Kwasi Kwarteng Portrait Kwasi Kwarteng
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What will end in tears are high taxes, high spend and very low growth, and that is exactly the iron circle that we are trying to break.