Oral Answers to Questions
Debate between Lindsay Hoyle and Gareth Davies(2 weeks ago)
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Mr Speaker
No, we have Gareth Davies up next. We are in complete chaos—[Laughter.] We have the wrong names coming in. What has confused everybody is the fact that Question 3 was withdrawn. Everybody is a question behind. Right, I call the shadow Minister next.
Gareth Davies (Grantham and Bourne) (Con)
Never in doubt, Mr Speaker.
May I welcome the Parliamentary Secretary to the Treasury, the hon. Member for Swansea West (Torsten Bell), to his place? The removal of investment allowances from our domestic oil and gas industry is strangling domestic supplies at a time when our storage levels are depleted. Labour’s ideologically driven, unachievable obsession with decarbonising the grid by 2030 might be good news for Chinese renewables manufacturers, but it is bad news for British households. Is it not the case that the only growth that we will see from Labour’s energy policy is in the amount that people pay for their energy bills, or can the Minister stand up now and commit—just as Labour did during the general election campaign—to cutting energy bills by £300?
Oral Answers to Questions
Debate between Lindsay Hoyle and Gareth Davies(2 months ago)
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Gareth Davies (Grantham and Bourne) (Con)
Later today, the House will vote on the Government’s £25 billion national insurance tax hike. To avoid any uncertainty when we vote, will the Minister confirm exactly which public sector organisations will be compensated?
Oral Answers to Questions
Debate between Lindsay Hoyle and Gareth Davies(3 months ago)
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Gareth Davies (Grantham and Bourne) (Con)
Clearly, the Chancellor is desperately trying to raise old ghosts, along with debt and taxes, but her own broken promises are coming back to haunt her and are frightening investors. It does not have to be Halloween for socialists to spook British business. Why does she think that business confidence has fallen faster in the past three months than at any point since the pandemic?
Oral Answers to Questions
Debate between Lindsay Hoyle and Gareth Davies(5 months ago)
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Gareth Davies (Grantham and Bourne) (Con)
During the general election, the Labour party committed to bring down energy bills by £300. Now that the election is over, energy bills are going up by some 10%. On behalf of the British electorate, especially the 10 million pensioners who are having their winter fuel payment taken away, I ask the Minister to confirm to the House that the £300 cut is still Labour policy. If it is, specifically how is the £300 calculated, and when will it be delivered?
James Murray
I thank the shadow Minister for his comment and welcome him to his new place. He referred to the cost of energy. As we know, the cost of energy is substantially lower than it was this time last year, but we are under no illusions about how much more we need to do to make sure that energy bills are truly affordable and that we tackle the cost of living crisis. That is why we have set to work straight away in establishing Great British Energy, alongside our national wealth fund, which will help to invest in the clean energy sources of the future and bring down energy bills for good.
Oral Answers to Questions
Debate between Lindsay Hoyle and Gareth Davies(8 months, 4 weeks ago)
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Gareth Davies
We are doing a lot. We are increasing the VAT threshold, and we have a rates relief package. The recent spring Budget was one of the biggest packages supporting our cultural industries that this country has ever seen, and I encourage the hon. Lady to look at it.
Oral Answers to Questions
Debate between Lindsay Hoyle and Gareth Davies(1 year, 4 months ago)
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Gareth Davies
Pension funds have a fiduciary responsibility to deliver a financial return but also to be mindful of the values of their pensioners. I have every confidence that pension funds will continue to invest in line with the risk that is presented by climate.