Lee Anderson
Main Page: Lee Anderson (Reform UK - Ashfield)Department Debates - View all Lee Anderson's debates with the HM Treasury
(2 days, 4 hours ago)
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Rachel Reeves
The National Wealth Fund is doing important work in enabling us to leverage in private sector investment. The most recent of those investments include mining in Cornwall and energy charging points in our roads. At the end of last week, I announced that the fund would play a more important role in funding and supporting investments in the defence sector, which will become even more important in the years ahead.
Lee Anderson (Ashfield) (Reform)
I recently visited a business in Kirkby-in-Ashfield in the east midlands—funnily enough, I did not see the hon. Member for Strangford (Jim Shannon) there—where I was told that the increase in national insurance contributions would cost the business £240 a year, which will prevent it from recruiting people and giving its employees a pay rise next year. Does the Chancellor agree that it is time to reverse this ridiculous decision and help to drive growth in the east midlands?
Rachel Reeves
In the Budget in October I had to fill the £22 billion black hole left by the previous Government, but there are huge opportunities to grow the economy in the east midlands. We recently agreed the £9 billion Unity deal with Rolls-Royce to support the Royal Navy submarine fleet, which will provide a major boost for economic growth in the east midlands, creating and maintaining 5,000 long-term jobs. That is good for our country’s security, and good for the people of the east midlands.