The Growth Plan
Debate between Kwasi Kwarteng and Ben Bradley(2 years, 2 months ago)
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Kwasi Kwarteng
The stamp duty nil band doubling is helping people buy a home. In the hon. Lady’s constituency and mine, there is an increase in the threshold, as there is around the country, and that will help lots of people who are buying a home. The energy intervention will help her constituents and mine, and the reduction in the basic rate will also help many of her constituents.
Ben Bradley (Mansfield) (Con)
A Conservative Chancellor announcing that he intends to let people keep more of their money and choose for themselves how to spend it—how refreshing! I am excited. I am also pleased that Nottinghamshire has been able to be part of early conversations about investment zones. The county is also on the final shortlist for STEP—spherical tokamak for energy production—nuclear fusion investment. Let us imagine, for a second, that huge infrastructure investment in the future of our domestic energy supply, supported by the incentives and the growth opportunity of an investment zone. We have some vision in Nottinghamshire. It will require Departments to talk to one other. Can the Chancellor help?
Kwasi Kwarteng
Absolutely. We fully intend—while I am in the Treasury, certainly—to talk to Departments to deliver the vision that I know my hon. Friend is driving in his constituency.
Oral Answers to Questions
Debate between Kwasi Kwarteng and Ben Bradley(3 years, 11 months ago)
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Kwasi Kwarteng
My hon. Friend is absolutely right that SMRs represent a huge opportunity for precisely the reasons he gives: they are flexible and one can operate them in lots of geographical areas. Next year, we will undertake a comprehensive assessment of the siting requirements for SMRs and advanced modular reactors so that we can develop this exciting technology.
Ben Bradley (Mansfield) (Con)