Economic Update

Jess Phillips Excerpts

Monday 17th October 2022 Commons Chamber

[Jeremy Hunt]

My hon. Friend will be pleased to know that I have already had extensive discussions with my Treasury officials about the needs of energy-intensive industries and we are very well aware of those issues.

[Jess Phillips (Birmingham, Yardley) (Lab)]

I welcome the Chancellor to his place, but it seems quite baffling to me that everybody is giving him plaudits for all the work that he is doing—well done—when the thing that he is undoing is the Prime Minister’s Budget. It is as if the past four weeks have not happened, and I feel a tiny bit gaslit by that, I have to say. Why is he spending £2 billion a year on unfunded stamp duty cuts when he said today that he could not announce unfunded tax cuts? How will he pay for that?

[Jeremy Hunt]

The hon. Lady will find out in two weeks.