Oral Answers to Questions
Debate between Gareth Davies and Lindsay Hoyle(3 weeks, 1 day ago)
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Gareth Davies (Grantham and Bourne) (Con)
The Chancellor has lauded the new National Wealth Fund as a key part of the Government’s regional growth ambitions. The trouble is, it is not actually new; it is just the UK Infrastructure Bank with a new colour scheme and £7 billion it did not need. The Prime Minister announced at a recent Labour party political conference that he will allocate £200 million from the National Wealth Fund for Grangemouth, but it is supposed to be operationally independent. Will the Minister therefore confirm that that is still the case and that the full independent investment process was followed? Will he also confirm that the unexpected resignation of the National Wealth Fund CEO just days before that announcement is not connected?
Oral Answers to Questions
Debate between Gareth Davies and Lindsay Hoyle(2 months ago)
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Mr Speaker
No, we have Gareth Davies up next. We are in complete chaos—[Laughter.] We have the wrong names coming in. What has confused everybody is the fact that Question 3 was withdrawn. Everybody is a question behind. Right, I call the shadow Minister next.
Gareth Davies (Grantham and Bourne) (Con)
Never in doubt, Mr Speaker.
May I welcome the Parliamentary Secretary to the Treasury, the hon. Member for Swansea West (Torsten Bell), to his place? The removal of investment allowances from our domestic oil and gas industry is strangling domestic supplies at a time when our storage levels are depleted. Labour’s ideologically driven, unachievable obsession with decarbonising the grid by 2030 might be good news for Chinese renewables manufacturers, but it is bad news for British households. Is it not the case that the only growth that we will see from Labour’s energy policy is in the amount that people pay for their energy bills, or can the Minister stand up now and commit—just as Labour did during the general election campaign—to cutting energy bills by £300?
Oral Answers to Questions
Debate between Gareth Davies and Lindsay Hoyle(3 months, 3 weeks ago)
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Gareth Davies (Grantham and Bourne) (Con)
Later today, the House will vote on the Government’s £25 billion national insurance tax hike. To avoid any uncertainty when we vote, will the Minister confirm exactly which public sector organisations will be compensated?
Oral Answers to Questions
Debate between Gareth Davies and Lindsay Hoyle(4 months, 3 weeks ago)
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Gareth Davies (Grantham and Bourne) (Con)
Clearly, the Chancellor is desperately trying to raise old ghosts, along with debt and taxes, but her own broken promises are coming back to haunt her and are frightening investors. It does not have to be Halloween for socialists to spook British business. Why does she think that business confidence has fallen faster in the past three months than at any point since the pandemic?
Oral Answers to Questions
Debate between Gareth Davies and Lindsay Hoyle(6 months, 3 weeks ago)
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Gareth Davies (Grantham and Bourne) (Con)
During the general election, the Labour party committed to bring down energy bills by £300. Now that the election is over, energy bills are going up by some 10%. On behalf of the British electorate, especially the 10 million pensioners who are having their winter fuel payment taken away, I ask the Minister to confirm to the House that the £300 cut is still Labour policy. If it is, specifically how is the £300 calculated, and when will it be delivered?