The Growth Plan Debate

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Department: HM Treasury
Friday 23rd September 2022

(2 years, 1 month ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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When a recession and economic downturns have hit in the past, the people most adversely affected are the most vulnerable in society. That means we have a duty to grow the economy and make sure that we turbo-charge growth. That is how we will help all our constituents.

Greg Smith Portrait Greg Smith (Buckingham) (Con)
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I warmly welcome my right hon. Friend’s statement and the return to the low-tax free market principles that we on the Conservative Benches know will lead to growth and prosperity for everybody in our country. We know the role played by the self-employed and entrepreneurs in growing the economy and getting us back to prosperity after the mess that the Labour party made of the economy when it was last in government, so I was delighted to see the reforms to IR35 in my right hon. Friend’s statement. There are 12,000 registered self-employed people in my constituency; will he confirm that the reforms will come quickly to give the self-employed of today, the entrepreneurs of tomorrow and the businesses that might contract their services the confidence to get on and grow?

Kwasi Kwarteng Portrait Kwasi Kwarteng
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Absolutely—100%.