Oral Answers to Questions

Debate between Helen Hayes and Simon Clarke

Tuesday 7th December 2021 Commons Chamber

[Mr Clarke]

The Government have always considered this issue, which goes back over the past decade, very carefully. For the purposes of intergenerational fairness and the wider sustainability of our pension settlement into the future, it is vital that that settlement is reflective of longer life expectancy. I am afraid that is the underpinning principle of the Government’s work and we stand resolutely behind it.

[Helen Hayes (Dulwich and West Norwood) (Lab)]

11. What recent assessment he has made of the effect of inflation on living standards.

Oral Answers to Questions

Debate between Helen Hayes and Simon Clarke

Tuesday 7th January 2020 Commons Chamber

[Helen Hayes (Dulwich and West Norwood) (Lab)]

19. What discussions he has had with Cabinet colleagues on the adequacy of funding allocated to programmes to reduce carbon emissions.

[The Exchequer Secretary to the Treasury (Mr Simon Clarke)]

The Government take our environmental responsibilities very seriously, and the Prime Minister established the new Cabinet Committee on Climate Change for that very reason. The UK is, of course, the G20 leader in reducing our greenhouse gas emissions while growing our economy. Later this year, the Government will set out further plans to reduce emissions in key sectors such as transport, energy and building while seizing the economic benefits of clean growth. We have launched a review into the transition to a net zero economy and how that will be funded, and the review will publish its findings this autumn.

[Mr Clarke]

The electorate obviously gave their verdict on the relative credibility of our manifesto. This Chamber, on a cross-party basis, should welcome the real consensus that the UK has done the right thing by becoming the first major western economy to commit to a net zero policy. We have allocated £1 billion for the take-up of ultra low emission vehicles, £350 million for the industrial energy transition fund and £800 million in our manifesto for carbon capture and storage.

The hon. Lady says our ambitions in this area are inadequate, but the Committee on Climate Change report of May 2019 did not consider it credible to reach net zero emissions earlier than 2050. The report called it the “highest possible ambition” supported by the science for us to target 2050 rather than an earlier date.

[Helen Hayes]

The UK Government currently offer more financial support than any other European state for fossil fuel industries. The oil giant Shell paid no corporate income tax last year due to tax rebates, despite making a £557 million profit in the UK. This situation is unsustainable and unacceptable in the context of a climate emergency. Can the Minister explain how a Government who continue to subsidise fossil fuel extraction to such a degree can ever be trusted to deliver net zero?

[Mr Clarke]

The most important thing to recognise is that last year was the first year on record in which renewable energy constituted more of our energy mix than fossil fuels. We also need to recognise that oil and gas support many thousands of jobs in the United Kingdom, and we must be careful not to jeopardise economic growth during the transition.