Oral Answers to Questions

Debate between Matt Vickers and Kwasi Kwarteng

Tuesday 21st September 2021 Commons Chamber

[Kwasi Kwarteng]

With regard to Cambo, the hon. Member will appreciate that the decision has been scrutinised in the normal regulatory way. As an energy Minister I helped to negotiate a North sea transition deal, and key to that was the word transition. We need to transition our existing oil and gas sector to a decarbonised platform. What she and others like her want to see is a complete eclipse and shutting down of oil and gas, with 250,000 jobs vanishing overnight. That would be completely irresponsible.

[Matt Vickers (Stockton South) (Con)]

T9. Retail accounts for 5% of our economy but pays 25% of all business rates. Yesterday, the British Retail Consortium published a report showing that 83% of retailers feel it is likely they will have to close stores should the burden not be reduced. Will my hon. Friend confirm that we remain committed to a fundamental review of business rates, and when we might hear more about that?