The Growth Plan Debate

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Department: HM Treasury
Friday 23rd September 2022

(2 years, 2 months ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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The hon. Gentleman will know that over the past two or three months, oil and gas prices have come off quite a bit, so actually the long-term contracts that we are negotiating are just as likely to be much less costly as to be at an increased cost. As for our growth plan, I am not embarrassed about wanting to grow the British economy, I am not embarrassed about driving opportunity in this country, and I do not believe that higher taxes lead to prosperity.

Helen Hayes Portrait Helen Hayes (Dulwich and West Norwood) (Lab)
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This year, for the first time ever, the number of women aged 25 to 34 leaving the workforce to care for children is going up. Four in 10 mothers have considered giving up work or cutting their hours because of the cost of childcare. More than a third of parents of primary-age children are in part-time work. Why does the Chancellor think that bearing down with punitive sanctions on the lowest-paid working parents in part-time work will help them to increase their hours, when what they really need is an accessible, affordable childcare system fit for the 21st century?

Kwasi Kwarteng Portrait Kwasi Kwarteng
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The hon. Lady is absolutely right to identify childcare as a crucial issue, and I am looking forward to my right hon. Friend the Secretary of State for Education updating the House on that in the next few weeks.