Economic Update

Debate between Jeremy Hunt and Marie Rimmer

Monday 17th October 2022 Commons Chamber

[Jeremy Hunt]

We are taking difficult decisions, and we will do whatever it takes to restore economic stability. That is the biggest single thing we can do.

[Ms Marie Rimmer (St Helens South and Whiston) (Lab)]

Could the Chancellor explain to me whether the announcements today on tax will have implications for the primary legislation the Government are looking to introduce to enable the offer on tax and simplified regulations on investment zones? The in principle policy was published on 24 September, with expressions of interest asked for on 2 October and a rushed announcement that they had to be in by 14 October. There is very little detail for people to make really informed decisions. I will write again to the BEIS Secretary of State, if he remains the same—I have written to two—about one really good scheme, which is going to be massive. My constituency has two of the most deprived boroughs—Knowsley, the second most deprived in the country, which has had nothing yet, and St Helens, which is high up there. The schemes are just wonderful. What is the impact?