Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Martin Vickers Excerpts
Tuesday 7th December 2021

(2 years, 11 months ago)

Commons Chamber
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John Glen Portrait John Glen
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As the hon. Gentleman knows, we have had considerable engagement on this subject. This is a matter for the Financial Conduct Authority, and we have discussed it. Obviously, members will now vote on the proposal. On the broader issue of how this sector is treated, I remain willing to engage with him on further changes and reforms that may help it in future.

Martin Vickers Portrait Martin Vickers (Cleethorpes) (Con)
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Ministers will know of the importance of the Humber ports to the regional and national economy. Access to Immingham and Grimsby ports is in part via the A180, which has an old concrete surface that is crumbling and in need of urgent repair. This afternoon I will meet Highways England to discuss that. May I tell it that the Chancellor will fund those improvements?

Simon Clarke Portrait Mr Simon Clarke
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I commend my hon. Friend for his inventiveness. Our ports lie at the heart of our prosperity, and I am delighted that the Humber freeport is imminently going live, alongside the Teesside and Thames freeports. I wish him the best of luck in making his case for that investment.