Jim McMahon
Main Page: Jim McMahon (Labour (Co-op) - Oldham West, Chadderton and Royton)Department Debates - View all Jim McMahon's debates with the HM Treasury
(2 weeks, 6 days ago)
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Lucy Rigby
Thank you, Mr Speaker. The point is that we have to manage the public finances responsibly. We cannot put in place measures that are not fully funded, and I wish that some of the proposals being put forward were adequately backed up and fully funded.
Jim McMahon (Oldham West, Chadderton and Royton) (Lab/Co-op)
These are welcome announcements, and I welcome the Chief Secretary to her place. The Government have a very important convening power, and one thing that residents in Oldham raise all the time is how much they pay for car insurance compared with those in other areas. For low-paid workers, particularly those who need their car for business, that additional premium represents a lot of money going out every year above and beyond what those in neighbouring areas pay. Will the Chief Secretary convene the insurance industry and see what can be done to finally address the postcode lottery?
Lucy Rigby
My hon. Friend raises a really important issue, and I thank him for all the work that he has done in this space to try to bring down the cost for people across the country. In my old role as Economic Secretary to the Treasury, I was closer to the work of the insurance sector and the work that the current Economic Secretary is now taking forward to try to ensure that prices are brought down, but I am more than happy to convene with the new Economic Secretary and take forward the work that my hon. Friend suggests.