UK Energy Costs
Debate between Jacob Young and Keir Starmer(2 years, 2 months ago)
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Keir Starmer
I will give way in just a moment.
The head of BP has called this crisis “a cash machine” for his company. Households are on the other end of that cash machine—their bills are funding these eye-watering profits. That is why we have been calling for a windfall tax since January, and it is why we want to see the windfall tax expanded now, but the Prime Minister is opposed to windfall taxes. She wants to leave these vast profits on the table, with one clear and obvious consequence: the bill will be picked up by working people. She claims that a windfall tax will deter investment. That is ridiculous. These vast profits are not the reward for careful planning. They are the unexpected windfall from Putin’s barbarity in Ukraine. There is no reason why taxing them would affect investment in the future.
Do not just take my word for it. Asked which investment BP would cancel if there were a windfall tax, the chief executive said, “None”—his word, not mine. The Prime Minister’s only argument against the windfall tax falls apart at first inspection, laying bare the fact that she is simply driven by dogma, and it is working people who will pay for that dogma.
Jacob Young (Redcar) (Con)
Does the right hon. and learned Gentleman accept that this Government have already introduced a windfall tax, and energy companies today are paying 65% on their profits? What would he rather see that tax set at?
Keir Starmer
We are talking about what happens this winter and next. If the hon. Gentleman does not understand—[Interruption.] I will tell him something. Every pound the Prime Minister’s Government refuse to raise in windfall taxes, which is leaving billions on the table, is an extra pound of borrowing. That is the simple, straightforward argument. Every pound that she leaves on the table is an extra pound of borrowing, loading the burden of the cost of living crisis onto working people who will have to pay back for years to come.
Referral of Prime Minister to Committee of Privileges
Debate between Jacob Young and Keir Starmer(2 years, 7 months ago)
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Keir Starmer
That is a really important and powerful point, because if we do not pass this motion and take this opportunity to restate the principles, we are all complicit in allowing the standards to slip. We are all complicit in allowing the public to think that we are all the same, that nobody tells the truth and that there are alternative sets of facts.
Keir Starmer
I will in a minute; I have given way a lot and I want to make some progress, but I will try to come back to the hon. Member.
Keir Starmer
I will give way in just a minute.
We already know that he has a case to answer. The Prime Minister said that no rules were broken, but more than 50 fines for breaching the rules and the law have now been issued, including to the Prime Minister. Anybody who denies that simple fact has their head in the sand or has given up any interest in the truth and in the traditions of our nation in order to prop up a lawbreaking Prime Minister.
Today’s motion would refer the matter to the Privileges Committee, a Committee that has a Government majority. No one can say that the Prime Minister is not being judged by his peers. The Committee would investigate the Prime Minister for contempt only once the police had concluded their investigation. No one can say that there is prejudice to the rest of the inquiry. And, of course, any findings the Committee comes to and any sanctions it might propose would then come back before the House as a whole, so no one can say that it is too soon for the House to decide. It is a system of self-governance, and it should be, because with the great privilege that comes from sitting in this place comes the great responsibility to protect the conventions that underpin our democracy.
Jacob Young
On conventions, does the right hon. and learned Gentleman agree that language is equally important? Will he therefore take this opportunity to distance himself from the right hon. Member for Hayes and Harlington (John McDonnell), who said that he wanted to lynch another hon. Member, and from the right hon. Member for Ashton-under-Lyne (Angela Rayner), who is sitting right next to him and who called Members on this side of the House Tory scum? He should distance himself from them.
Keir Starmer
That is a shame. I thought that we were having a reasonably serious debate—[Interruption.]