The Growth Plan
Debate between Kwasi Kwarteng and Andrew Gwynne(2 years, 2 months ago)
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Kwasi Kwarteng
Ynys Môn has a fantastic Member of Parliament in my hon. Friend, and we are focused not only on freeports, but on the future of nuclear. Ynys Môn represents a hugely exciting opportunity in that regard.
Andrew Gwynne (Denton and Reddish) (Lab)
The Chancellor has admitted that the last 12 Tory years were a mistake, and for once I agree with him. But the real impact of this Budget is that we are piling debt on future generations. It is unaffordable. If the Chancellor were a local councillor presenting this as a budget, his monitoring office would be issuing him with a section 114 notice, and his Ministers would be calling in the commissioners.
Kwasi Kwarteng
The focus is on growth. As my hon. Friend the Member for North Norfolk (Duncan Baker) said, our net debt to GDP ratio is low compared with other countries in the G7. We are 100% focused on growing the economy, so that future generations will be able to deal with the fiscal shocks they will have to deal with. That is what the purpose of this is.
Gas Prices and Energy Suppliers
Debate between Kwasi Kwarteng and Andrew Gwynne(3 years, 2 months ago)
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Andrew Gwynne (Denton and Reddish) (Lab)
These skyrocketing gas prices will have a devastating impact, not just on the public but on businesses, which will eventually have to pass those rises back on to the public. Does the Secretary of State understand that that double whammy for the public will see even more families being pushed into fuel poverty and consequently into food poverty as well? Apart from cutting universal credit very soon, making it even worse for many of these families, what is he doing? What is he doing to support them?
Kwasi Kwarteng
The hon. Gentleman will have seen reports that energy companies want the Government to lift the energy price cap. I have repeatedly resisted that. I have said explicitly, on the Floor of the House and in other places, that the price cap must stay, while also reaffirming our commitment to the warm home discount scheme and the winter fuel payment. We are absolutely focused on keeping consumer prices as low as possible in the energy market.