Kenny MacAskill
Main Page: Kenny MacAskill (Alba Party - East Lothian)Department Debates - View all Kenny MacAskill's debates with the HM Treasury
UK Economy
Kenny MacAskill Excerpts(2 months, 3 weeks ago)
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Bim Afolami
I assure the hon. Gentleman that this Chancellor and this Government are very different from those in September 2022 to which he refers. As for debt, I repeat that we are keeping to our fiscal rule, which is and has always been that debt will be falling in the fifth year of the forecast—falling, once we exclude the Bank of England. That has always been our position, and it will continue to be the case.
Kenny MacAskill (East Lothian) (Alba)
The Minister has made no mention of the importance to the UK Treasury of North sea oil, and indeed the danger to the Scottish economy of the closure of Grangemouth Refinery. Given that the UK Treasury received £8 billion in revenues from the North sea last year and is expected to receive £6.1 billion this year, can it not find the tens of millions—not the tens of billions that it will receive in revenue—to ensure that the HydroCracker can be restarted and the profitability of the refinery increased threefold?