Naz Shah
Main Page: Naz Shah (Labour - Bradford West)Department Debates - View all Naz Shah's debates with the HM Treasury
(2 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Rishi Sunak
My hon. Friend makes an excellent point. On the last count, we have had, I think, £100 billion of spending commitments or tax reductions from the Labour party. Less than a tenth of that has been funded, despite the shadow Chancellor saying that she is committed to fiscal responsibility. It is the same old story with Labour. Ultimately, they always run out of other people’s money.
Naz Shah (Bradford West) (Lab)
I congratulate the Chancellor on pinching some of our ideas. I really encourage him to look at the 17.5% VAT as well. One of my constituents sent me a copy of bills: January 2021, electricity £10,731.70; January 2022, £48,694.56. That is a 353.745% increase. How will the Chancellor’s statement today and his intervention help the businesses in my constituency because he seems to have left them out?
Rishi Sunak
With regard to businesses, we have the energy-intensive industries support scheme, which the Business Secretary is consulting on extending and improving the generosity of, to help the most energy-intensive industries in the country.