Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Kevin Hollinrake Excerpts
Tuesday 1st February 2022

(2 years, 9 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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Anyone who has questions about my values can just look at my track record over the last year or two. I am proud of this Government’s achievements in supporting those who most needed our help at a time of anxiety for our country. I respectfully disagree wholeheartedly with the hon. Gentleman: I do believe that work is a route out of poverty. All the evidence shows that children who grow up in workless households are five times more likely to be in poverty than those who do not, which is why I am proud that there are almost a million fewer workless households today as a result of the actions of this Conservative Government.

Kevin Hollinrake Portrait Kevin Hollinrake (Thirsk and Malton) (Con)
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The most effective sanctions that we could impose on Russia would be to block Russian banks’ access to UK and international markets. Will my right hon. Friend consider that and consider cushioning the inevitable blow to our banks, businesses and households from the financial impacts, including to the cost of living?

Rishi Sunak Portrait Rishi Sunak
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My hon. Friend makes an excellent point. With regard to sanctions, absolutely nothing is off the table. We are working extremely closely with our international allies to make sure that we can send a robust signal to deter Russian aggression, and we continue to explore diplomatic solutions at the same time. He should rest assured that nothing is off the table.