Economy Update Debate

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Department: HM Treasury

Economy Update

Ian Paisley Excerpts
Thursday 26th May 2022

(2 years, 5 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is rightly passionate about that subject, which he knows a lot about. Both the Education Secretary and the Exchequer Secretary are working hard to combat the low take-up of tax-free childcare. It is a generous benefit worth up to £2,000 a year and we want to make sure that everyone who can benefit from it does so.

Ian Paisley Portrait Ian Paisley (North Antrim) (DUP)
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This is a significant intervention in the economy—there is absolutely no doubt about that—and the Chancellor has said it is for the whole of the UK, which is one of the reasons why we celebrate being Unionists. The Road Haulage Association has indicated that the cost of living is higher in Northern Ireland by 34%. With that in mind, can the Chancellor confirm that the measures announced today apply to Northern Ireland without exception and whether the EU will have to be consulted about any of the measures before they apply?

Rishi Sunak Portrait Rishi Sunak
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As I said, when it comes to all the direct payments through the welfare system, we will take legislative powers to deliver them directly in Northern Ireland, where we believe we have the operational capacity to do so. As for the support for energy bills in the autumn, we are open to exploring how best to deliver that support to those in Northern Ireland. Ordinarily it would be Barnetted—it is worth £165 million—because, as the hon. Gentleman will know, the energy market is separate to that in the rest of Great Britain, but if there is a way for us to deliver that support directly, we are open to doing so. We just need to see whether there is a mechanism to do so.