Oral Answers to Questions

Emma Reynolds Excerpts

Tuesday 3rd September 2024 Commons Chamber

[Chris McDonald (Stockton North) (Lab)]

T7. Will the Chancellor of the Exchequer confirm that her decisions are targeted at winning new investment in green industry in places such as Billingham in my constituency?

[The Parliamentary Secretary, His Majesty’s Treasury (Emma Reynolds)]

I welcome my hon. Friend to this House, because he brings a great deal of expertise on green steel from his previous career. This Government’s plan to launch the national wealth fund is precisely to create investment across the country in some very important strategic industries, and that includes decarbonisation of steel and the steel industry.

[Monica Harding (Esher and Walton) (LD)]

T3. The prospect of the financial collapse of a major utility company such as Thames Water should cause us all grave concern given not only what it would mean for consumers in my constituency and many constituencies like it, but the wider implications it would carry for our economy and the Government finances. Does the Chancellor therefore agree that putting Thames Water into special administration and reforming it would protect not just consumers, including my constituents, but the wider economy?