Autumn Statement Debate

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Department: HM Treasury

Autumn Statement

Ian Paisley Excerpts
Thursday 17th November 2022

(2 years ago)

Commons Chamber
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Jeremy Hunt Portrait Jeremy Hunt
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I would expect my right hon. Friend to look forensically at any comment that I make about defence. I was very clear in my words, first, that the Prime Minister and I recognise the need to increase defence spending, and secondly, that the update to the integrated review needs to happen before the spring Budget. This is not pushing something into the long grass; it is making sure we get the decisions right.

Ian Paisley Portrait Ian Paisley (North Antrim) (DUP)
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The £650 million of Barnett consequentials announced for Northern Ireland will go some way to plugging the gap that has been left by an inept Finance Minister in Northern Ireland. We welcome that; it only goes some way to plugging that gap, but it recognises that without Westminster firepower, Northern Ireland would be in a considerably worse-off place.

The energy payments are woefully inadequate for a lot of people in Northern Ireland. One thousand litres of oil in Northern Ireland costs over £900 today— £300 will not cut it. For the third time, could the Chancellor outline for us when those payments will actually be made to Northern Ireland? Secondly, with regard to the “next silicon valley” proposal, does he accept that unless the handbrake of the Northern Ireland protocol is replaced, Northern Ireland will not benefit from that proposal?

Jeremy Hunt Portrait Jeremy Hunt
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First, on the opportunity to be the world’s next silicon valley, I want Northern Ireland to be a central part of that. In fact, we have agreed to explore funding a trade and investment event in Northern Ireland, to attract more inward investment into the Province for that very reason. I am aware that when it comes to fuel poverty issues, it is a different situation in Northern Ireland. I have had a number of discussions with my officials, and I am aware that energy consumption patterns are slightly different. I will write to the hon. Gentleman with details on that, and I am happy to engage with him separately.