Economic Update

Mark Harper Excerpts

Thursday 3rd February 2022 Commons Chamber

[Rishi Sunak]

The Labour party has proposals that would give considerably less to many people, so it is a bit rich to hear that. The hon. Member had a long list of numbers. I also have one: 400,000 more people on the payroll than there were before the crisis; 2 million jobs saved because of the actions of this Government; the national living wage going up by £1,000 a year in April; and a £1,000 tax cut for millions of people on universal credit. Those things are what we are doing to put more money into people’s pockets when they need it, and they can rely on us to continue supporting them not just now, but for days and years into the future.

[Mr Mark Harper (Forest of Dean) (Con)]

First, I thank the Chancellor for coming to the House to make his statement before he does a press conference. That is the right order of priorities. I also thank him for engaging with Conservative colleagues, listening to their concerns and responding to them in his statement. Finally, may I highlight the realism and honesty with which he has grappled with global gas prices? We cannot pretend that they have not gone up and what he has done is set out a package to smooth the impact for everybody and to help those on the lowest incomes. That is the right approach and it demonstrates why we have got it right and the Labour party is not fit for office.

[Rishi Sunak]

My right hon. Friend is absolutely right. Those of us in government make responsible decisions and we are honest with people. I think people respect that honesty and it is the right thing for us to do. He is right that there is a global surge in gas prices and it would be wrong to pretend that we do not have to adjust to that, but what we can do is take the sting out of that adjustment, spread its impact over time and limit its immediate impact. That is the right and responsible approach and I am grateful for his support on that plan.