Budget Resolutions
Debate between Jonathan Reynolds and Andrew Murrison(2 weeks, 3 days ago)
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Jonathan Reynolds
We have a similar question. The Government’s wider pro-business changes cannot be modelled by the OBR, and we know that we have to prove them. There is simply no way that we will get to the higher business investment, the higher productivity growth and the stronger economic growth that we need in all parts of the country unless we are honest, robust and responsible with the public finances, as this Budget is and the previous Government were not. If the Budget does not set the trajectory for strong long-term public investment, to leverage in that degree of private investment, we will not have the foundations to succeed. I am so excited by this Budget because it gives us those strong foundations for the future.
Dr Andrew Murrison (South West Wiltshire) (Con)
The problem with our economy is that, too often, people build small businesses and then sell them off. They do not sit and develop them before potentially handing them on. Can the Minister explain how the proposed inheritance tax changes will encourage people to take risks in nurturing and growing their businesses in order to pass them on to succeeding generations? Plainly, his suggestion will have the reverse effect and will, therefore, make the situation worse, which will damage growth.
Port Talbot Transition Project
Debate between Jonathan Reynolds and Andrew Murrison(2 months, 1 week ago)
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Jonathan Reynolds
The answer is a great many, as my hon. Friend will understand. I have always been conscious not just of the specific impact on the workforce at Port Talbot, but of the fact that some of the big industrial transitions of the past in the United Kingdom, in the north-east of England where I grew up, were not handled well. I think people recognise that. I thought that the previous Government’s levelling-up strategy was a recognition of the long-term damage that was done in the late ’80s and early ’90s by that transition. Getting that right, and showing the workforce that this is a Government who care, have always been paramount. I have been to Port Talbot several times. I last met the community reps a week ago, and was able to have frank conversations with them. In everything that I have said, and will continue to say, I recognise that we wish that we were in a position to do more, but within the parameters of what we had and where we almost were, in terms of the entire loss of the site, I am confident that this is the biggest improvement that was possible in two months. We will always work with them to ensure that we are getting everything that we can for the site.
Dr Andrew Murrison (South West Wiltshire) (Con)
The wholesale price of electricity in this country is already pretty much the highest in Europe, and it will probably get worse as we shift towards renewables, with the possibility of outages and intermittency. That means that electric arc furnaces will become more expensive. What is the Secretary of State doing to ensure that suppliers do not, perfectly legitimately, turn to China for its virgin steel, produced in dirty blast furnaces?
Jonathan Reynolds
The right hon. Gentleman will know that this has long been a campaigning issue of mine. I have talked repeatedly about the relationship between decarbonisation and the potential for deindustrialisation, and the policy environment in this country not being fit for purpose to deliver that. On the wholesale electricity prices of energy-intensive industries, for most of the time under the previous Government the UK’s prices were wildly uncompetitive. There was some movement, as he knows, with the supercharger policy near the end. More can be done, and there is an even more exciting longer-term position that we could get to. He will have to wait for the Budget, and maybe the spending review, for some more detail on that, but this issue has to be an essential priority for the competitiveness of the UK. We have to recognise that a lot of the industries that we will transition to are very heavy users of electricity—not just clean steel, but for instance gigafactories. This will be a key tool in the future that we have to do better on than we have in the past 14 years.
Middle East Peace Plan
Debate between Jonathan Reynolds and Andrew Murrison(4 years, 9 months ago)
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Dr Murrison
What I think we should be doing is encouraging both parties to get around the negotiating table and talk, which they are not doing at the moment.
Jonathan Reynolds (Stalybridge and Hyde) (Lab/Co-op)
How can a plan that has not included one side, offers no concessions to one side and proposes as a destination a state without any of the real aspects of sovereignty as we understand it, be the basis for meaningful negotiations? Does this plan not risk prolonging the conflict? It will play into the hands of extremists who say that violence is the only way forward. I have to say that it is depressing to see a British Minister reduced to reading out what other countries have said, rather than sticking up for British policy, the British national interest and a real and meaningful peace.