Oral Answers to Questions

Debate between Jeremy Hunt and Alan Brown

Tuesday 6th February 2024 Commons Chamber

[Jeremy Hunt]

I suspect that when the hon. Gentleman tabled his question, he was not expecting that the biggest supporter of abolishing the bankers’ bonus cap was not the Chancellor but the shadow Chancellor. I hear what he says, and indeed those are some of the reasons we abolished it, because it was not working. If Labour is going to change its mind on that policy, may I ask—just to take a totally random example—when will it change its mind about the planned £28 billion of additional borrowing?

[Alan Brown (Kilmarnock and Loudoun) (SNP)]

9. Whether he has made a recent assessment of the potential merits of abolishing non-domiciled tax status.

Autumn Statement

Debate between Jeremy Hunt and Alan Brown

Wednesday 22nd November 2023 Commons Chamber

[Alan Brown (Kilmarnock and Loudoun) (SNP)]

As a so-called “prudent Chancellor”, he cancelled HS2 to Manchester because of the spiralling costs of that project. Yet despite the cost of the likes of Hinkley Point C rising from £18 billion to £33 billion, and the fact that there is no successful EPR—European pressurised reactor—project in the world, he has today confirmed yet again a blank cheque for the nuclear industry. Sizewell C is likely to cost £40 billion and he has a taxpayer 20% stake in it. If it is good enough for HS2, why does he not scrap Sizewell C and save us from that nuclear financial disaster?

[Jeremy Hunt]

Because if we want to get to net zero, we are going to have to have more renewable energy and, unfortunately for the hon. Gentleman and for me, there are days when the sun does not shine and the wind does not blow.

Economic Growth

Debate between Jeremy Hunt and Alan Brown

Tuesday 14th November 2023 Commons Chamber

[Jeremy Hunt]

The first big infrastructure decision that I took was on nuclear, when I assigned £700 million to Sizewell C. I completely agree with the hon. Member about the potential of SMR. That is why we set up a competition, and with the previous Energy Secretary I stipulated that it should finish by the end of this calendar year so that we can proceed as quickly as possible on SMR, because it could be an important part of our net zero future.

The shadow Chancellor’s central argument is that we can get growth only by borrowing £28 billion a year more. [Interruption.] Well, I was listening to her words. She may not have mentioned this in her speech, but on 9 October she said on the “Today” programme that she wanted to take borrowing “up”—her word. We delivered all those achievements in technology, life science, creative industries and advanced manufacturing industries during a time when we were cutting borrowing, which went down by 80% between 2010 and the start of the pandemic. That is the difference. Unlike Labour, the Conservatives know that we cannot borrow our way to growth. We have to do the hard work to support entrepreneurs and innovators, including by keeping their taxes down, which Labour has never wanted to do. Because we have done just that, the International Monetary Fund says that after inflation has been brought to target from the end of 2025, this country will have faster growth than France, Germany or Italy. No shortcuts; just hard work to get one of the fastest growth rates in Europe.

[Alan Brown]

On investment in renewable energy, EY has confirmed today that the UK has slipped further back on the attractiveness index, so it is now behind India, China and Australia. On offshore wind, the Chancellor knows that allocation round 5 was a disaster. What will he do to rectify that? On nuclear, he talks about SMRs being the future, but they are not. There is not a successful SMR anywhere in the world, and NuScale in the United States has just been abandoned after rising to an estimated cost of $9 billion.

[Jeremy Hunt]

I do not accept that we are not an extremely attractive place. We have third largest renewables sector in Europe and are the largest European provider of offshore wind. Can we do more? Yes, we can, particularly by improving access to the grid. The House should expect to hear more from us on that.

We had a lot of talk from the shadow Chancellor about the cost of living crisis, but she barely mentioned that the biggest pressure on the cost of living is caused by the rise in inflation—in fact, it did not get a mention at all in her conference speech. Because we have taken difficult decisions, inflation has fallen by 40% since its peak. Core inflation is now lower than in nearly half the entire EU membership. I say gently to her that if she were to reflate the economy by ramping up borrowing by £28 billion a year, prices would go up and families would end up paying more for their petrol, their food, their electricity and their mortgages. That is why that is the wrong approach.

Oral Answers to Questions

Debate between Jeremy Hunt and Alan Brown

Tuesday 21st March 2023 Commons Chamber

[Jeremy Hunt]

I do, but I also point out to the hon. Lady that we took a range of other measures in the Budget that will help such people, including increasing the help that we give them to find appropriate work, and helping those who have a long-term sickness or disability to get the support they need to get back into work. Doing all those things will make a big difference.

[Alan Brown (Kilmarnock and Loudoun) (SNP)]

T1. If he will make a statement on his departmental responsibilities.

[The Chancellor of the Exchequer (Jeremy Hunt)]

This Conservative Government believe in the virtue of work, and that is why last week’s Budget set out to remove barriers for long-term sick and disabled, for jobseekers, for older people with our pension tax reforms, and for parents with the biggest expansion of childcare in memory.

[Alan Brown]

With Orbital O2 in Orkney and MeyGen—the largest tidal stream site in the world—Scotland leads the way in tidal stream generation. That industry is at a stage where it needs to expand and scale up, but to do so, it needs a bigger ringfenced budget. In the renewables auction announced last week, the Government propose to halve the budget for tidal stream instead of increasing it. Will the Chancellor meet me to discuss the impact and the opportunities for business?

[Jeremy Hunt]

We are interested in giving support to all forms of renewable energy, and the Exchequer Secretary to the Treasury is very happy to meet the hon. Gentleman to discuss those issues further.

Economic Update

Debate between Jeremy Hunt and Alan Brown

Monday 17th October 2022 Commons Chamber

[Jeremy Hunt]

That is a very important point. We have an issue in that we need our companies to invest more in R&D. We have a fantastic opportunity to be the world’s next silicon valley, with all the potential of our great universities and incredible levels of innovation, but I absolutely think there is more that we can do, and I will bear in mind my hon. Friend’s comments.

[Alan Brown (Kilmarnock and Loudoun) (SNP)]

Since 2015, the value of the pound has dropped about 30% compared with the dollar. After this Government’s mini-Budget, the pound hit an all-time low against the dollar. Given that oil and gas, and other, related energy products are traded in dollars, is it not the case that, by absolutely tanking the pound against the dollar, this Government have added other costs to the cost of energy in the UK?

[Jeremy Hunt]

I am delighted that someone from the SNP is worried about the value of the pound, which I think shows that it matters to all of us. I would say to the hon. Gentleman, in all seriousness, that Governments cannot control the value of currency and should not seek to do so, but in so far as our actions affect the stability of our markets, including the currency markets, the one thing we can do is to show that we are balancing the books.

Oral Answers to Questions

Debate between Jeremy Hunt and Alan Brown

Tuesday 25th June 2019 Commons Chamber

[The Secretary of State for Foreign and Commonwealth Affairs (Mr Jeremy Hunt)]

We are very concerned about the situation in the middle east and the risks of an accidental war. We have made serious efforts to de-escalate tension, including the visit by my right hon. Friend the Minister for the Middle East to Tehran at the end of last week.

[Alan Brown]

With regard to the recent tanker attacks, the UN Secretary-General has stated that the truth will be known only if an independent entity verifies the facts. Does the Secretary of State agree with that and will he confirm that the UK will not be dragged blindly, with the US, into a war against the wider wishes of the international community?

[Mr Hunt]

The US is our closest ally. We talk to it the whole time. We consider any requests that it makes carefully, but I cannot envisage any situation in which it requests, or we agree to, any moves to go to war.

Oral Answers to Questions

Debate between Jeremy Hunt and Alan Brown

Tuesday 14th May 2019 Commons Chamber

[Alan Brown (Kilmarnock and Loudoun) (SNP)]

6. What recent discussions he has had with his Saudi Arabian counterpart on the UK’s diplomatic relations with Saudi Arabia.

[The Secretary of State for Foreign and Commonwealth Affairs (Mr Jeremy Hunt)]

I most recently met Saudi Minister of State for Foreign Affairs al-Jubeir on 25 April and I also visited Saudi Arabia on 2 March. We have a long history of co-operation in support of regional stability, alongside frank conversations on areas of concern, including Khashoggi and human rights.

[Alan Brown]

According to his Minister, the Saudi Government’s execution of 37 people was simply

“a deeply backwards step, which we deplore.”—[Official Report, 24 April 2019; Vol. 658, c. 749.]

But that is only one of many of the Saudi regime’s crimes, including responsibility for up to 60% of civilian deaths in Yemen. Does the Foreign Secretary agree with my concerned constituents that, when it comes to arms sales to Saudi Arabia, the UK should put morality before profit and end these sales?

[Mr Hunt]

Well, we do, which is why we have some of the strictest arms export restrictions of any country in the EU; last year, 226 export requests were refused. The executions to which the hon. Gentleman referred are barbaric. I referred to them and discussed them at some length with the Saudi Foreign Minister when he came here on 25 April. This remains a human rights priority country and we do raise these issues regularly.

Oral Answers to Questions

Debate between Jeremy Hunt and Alan Brown

Tuesday 22nd January 2019 Commons Chamber

[Alan Brown (Kilmarnock and Loudoun) (SNP)]

T1. If he will make a statement on his departmental responsibilities.

[The Secretary of State for Foreign and Commonwealth Affairs (Mr Jeremy Hunt)]

My colleague the Minister for Africa is not with us today, as she is meeting partners from the African Union. At that meeting, she will be underlining our concern about the issues in Zimbabwe, where we have seen widespread unrest and a heavy security force response over the last week. Yesterday, I called on President Mnangagwa not to turn back the clock. People must have the right to peaceful protest without fear of violence.

[Alan Brown]

Gaza has been described as the biggest open-air prison in the world. Israel continues to plan settlement expansion and demolitions with impunity, and clearly US foreign policy is making things worse. When will the UK set a realistic timeframe to step up and recognise the state of Palestine?

[Mr Hunt]

We have always said that we will recognise the state of Palestine when the time is right—we support a two-state solution—but we want to do it at the moment it will have the most impact on the peace process.