Fleur Anderson
Main Page: Fleur Anderson (Labour - Putney)Department Debates - View all Fleur Anderson's debates with the HM Treasury
(2 years, 3 months ago)
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Kwasi Kwarteng
The choice is indeed clear: should we back growth driven by the private sector, or do we believe that the state can tax its way to prosperity? That is a very easy choice to make, because it is clear that taxing and spending towards prosperity is a failure.
Fleur Anderson (Putney) (Lab)
The people of Putney, Roehampton and Southfields will see through this Budget. They will see how little it will do for them. The only growth that this “Growth Plan” will deliver is a growth in inequality. Does the Chancellor agree with his Department, which, according to reports, has conducted analysis that forecasts that the UK oil and gas producers and electricity generators will receive as much as £170 billion in excess profits over the next two years? Should they not pay their fair share?
Kwasi Kwarteng
That figure does not relate to taxable profits here in the UK, and it is not remotely accurate.