Lindsay Hoyle
Main Page: Lindsay Hoyle (Speaker - Chorley)Department Debates - View all Lindsay Hoyle's debates with the Cabinet Office
(2 years ago)
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The Prime Minister
I welcome the right hon. Gentleman’s comments about Russia and Ukraine, and I thank him for them. He should be reassured that in Putin’s absence the Russian Foreign Minister felt the full assault, from allies including the United Kingdom, of the absolute outrage that the international community feels about what is happening. That will continue when Russia attends these fora.
The Government are an absolute champion of British farming and farmers. That will remain the case. We will continue to find opportunities to put great British produce on the tables of many more families around the world.
I will just briefly address the right hon. Gentleman’s comments about the economy. He had a few different stats, but it is worth bearing in mind that we have just come from a G20 summit at which two thirds of the G20 members sitting around the table are experiencing inflation rates north of 7%. The International Monetary Fund predicts that a third of the world’s economy is already or will shortly be in recession.
If the right hon. Gentleman takes the time to read the G20 communiqué, he will see that actually the global picture is very clear: countries around the world are grappling with high energy prices, high food prices and rising interest rates. Indeed, many countries around the world, like us, have committed, as does the international community, to ensuring fiscal sustainability as a path to improving those matters. That is absolutely the challenge that we confront, and it is absolutely the challenge that the Chancellor will meet head on. We will make those decisions with fairness and with compassion.
The Prime Minister
No one can doubt my commitment personally to ensuring that the UK remains, as it is, a scientific and technological superpower. That is why we have increased the R&D budget. That is why we are deregulating to support innovation. That is why we are reforming our capital markets to get money to all the companies that need it. We will hear more from the Chancellor about that, but I can give the hon. Lady every assurance that innovation is the way we drive growth, and that is what the Government will deliver.