Oral Answers to Questions

Jim Shannon Excerpts

Thursday 23rd March 2023 Commons Chamber

[Kemi Badenoch]

My hon. Friend is quite right. As set out in our policy paper, the duties and functions of Ofwat, Ofcom and Ofgem have significantly expanded since privatisation. I agree that the Bill would enable us to move more quickly, and I would like to work with him to see what we can do to improve regulation more broadly.

[Jim Shannon (Strangford) (DUP)]

I thank the Minister for her response to this important question. All our constituents are squeezed due to rising prices over which they have no control. In the light of her response, and in anticipation of her correspondence with the hon. Member for Weston-super-Mare (John Penrose), I hope that we can increase accountability and reduce prices, and thereby reduce inflation, which will help our constituents.

[Kemi Badenoch]

The hon. Gentleman is right that our constituents are at the end of what the regulators are doing, so our reforms should build on their strengths and continue to reinforce the UK as a leading global destination for investment in utilities infrastructure, to the long-term benefit of all our constituents and consumers.

--- Later in debate ---

[Mr Speaker]

I call Jim Shannon.

[Jim Shannon (Strangford) (DUP)]

You have called me, and I have a question ready-made here, Mr Speaker. Like on “Blue Peter”, here is one I prepared earlier.

Only yesterday, the Secretary of State signed a trade deal with the Ukrainian First Minister to provide pivotal support to the Ukrainian economy. Has the Secretary of State assessed how soon that will impact Ukraine in helping it—[Interruption]—lay the foundation for revival?

[Kemi Badenoch]

I am afraid I missed the end of the hon. Member’s question but I am happy to write to him in response.