"I thank my right hon. Friend and gently and respectfully remind him that, in the statement, I committed in a very categorical way to the OBR coming up with a forecast before the end of the calendar year. It will be a full forecast, not a baseline forecast, and it …..." Kwasi Kwarteng - View Speech
"What Scotland does not need is reheated socialism from the SNP. The hon. Lady mentions energy; I am always staggered when people in her party mention energy but do not countenance nuclear power, which is a great, clean form of energy.
"I was very surprised to hear the hon. Lady mention energy, given the SNP’s appalling record in that regard. I am very open to her ideas, but I very much recommend that she pursue nuclear power, of which there is a great tradition in Scotland...." Kwasi Kwarteng - View Speech
"My hon. Friend is absolutely right to say that bankers are concerned about the overall tax burden. That is why many of the bankers in the City of London are going to Paris: because they pay 30% tax there. That is a legitimate thing, and it is why we have …..." Kwasi Kwarteng - View Speech
"In response to that, I would say that there is plenty of evidence that high-tax, high-regulation socialism leads to a complete disaster as far as economic outcomes are concerned, and we are doing the opposite...." Kwasi Kwarteng - View Speech
"I am very grateful to my right hon. Friend for pointing out that the scale of the intervention is unprecedented and that millions and millions of people and businesses will be helped by what the Government are doing. I thank her very much for that...." Kwasi Kwarteng - View Speech
"All I remember is the financial crash of 2008, which the right hon. Gentleman’s party presided over and managed to engineer. I would also mention that the 40p rate was the rate for 20 years, and it was the one adopted by his party when it was successful and used …..." Kwasi Kwarteng - View Speech
"What the hon. Lady did not mention in her question was the fact that a growing economy creates growing tax revenues, which pay for public services. Her high-tax, high-spend approach leads to a cycle of stagnation. We want to break free of that...." Kwasi Kwarteng - View Speech
"My hon. Friend will know that, through growth, we will get more tax receipts, which will actually reduce the net debt to GDP ratio over the medium term. That is 100% what we are focused on. He is right that in the past we have tended to reduce expenditure on …..." Kwasi Kwarteng - View Speech