Spring Forecast Debate

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Department: HM Treasury

Spring Forecast

Esther McVey Excerpts
Tuesday 3rd March 2026

(1 day, 9 hours ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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I thank the Chair of the Energy Security and Net Zero Committee for that important question. He is absolutely right: whether through the successful auction round 7 that we have just completed for investment in new renewable energy, or through the planning reforms to make it even easier to build grid connections and wind farms, we are taking action to secure our energy supplies. Through the spending review last year, we invested in Sizewell C and small modular reactors, which will be built in Wales by Rolls-Royce.

Esther McVey Portrait Esther McVey (Tatton) (Con)
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Does the Chancellor now accept that there is a correlation between increasing national insurance contributions on employers and higher unemployment, or does she still believe that those two things are not connected in any way?