IMF Economic Outlook
Debate between James Cartlidge and Mohammad Yasin(1 year, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
James Cartlidge
It would be a pleasure, as ever, to write to my hon. Friend. He mentions countries dependent on gas, but we should be very proud that last year more than 40% of our electricity was generated from renewables and just 1.5% from coal. We have had the fastest-falling emissions in the G7, and a recent report in The Times confirmed that we can get those lower emissions with higher growth. The report said that jobs in net zero sectors pay £10,000 more than the national average, and that south Yorkshire, north Derbyshire, Tyneside and Teesside are all hotspots for net zero jobs. That shows we can deliver on net zero and economic growth.
Mohammad Yasin (Bedford) (Lab)
Does the Minister think that Tory austerity, Tory Brexit or the Tory Truss Budget is responsible for the unique mess our economy is in? Or is it all of the above?
James Cartlidge
It is very far from a unique mess when 14 European Union countries have a higher rate of inflation than we do. That is why we are focused on reducing inflation, which, to be clear, will take some difficult decisions. It would help in that regard if Labour Members, instead of living in a parallel universe where their leadership and their shadow Chancellor talk about sound money but not a single one of them even ventures to understand it, started showing what difficult decisions they would actually take. That is how you run the country.