Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Nick Smith Excerpts
Tuesday 2nd November 2021

(2 years, 8 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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I thank my hon. Friend for the kind invitation, which he also sent me by phone. I look forward to accepting it soon and to celebrating Stoke’s success in not one, not two but three levelling-up fund bids.

Nick Smith Portrait Nick Smith (Blaenau Gwent) (Lab)
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2. What recent fiscal steps he has taken to help resolve supply chain issues.

Helen Whately Portrait The Exchequer Secretary to the Treasury (Helen Whately)
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Current stresses on supply chains are a consequence of global factors; as economies around the world recover, demand is outstripping supply. Where it makes sense, we are taking action to support UK supply chains, such as increasing the supply of lorry drivers to help the haulage sector meet demand for deliveries.

Nick Smith Portrait Nick Smith
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Last week’s National Audit Office report on supply chain finance highlighted that huge contracts involving Greensill Capital, signed off by the Treasury, provided no benefits to the NHS. Does the Minister accept the NAO report, and will she ensure that in the future, contracts are properly awarded to avoid this kind of insidious lobbying?

Helen Whately Portrait Helen Whately
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I am sure that the Government will be responding to the NAO report in due course, but I can assure the hon. Member that the Treasury works very hard with the Department of Health and Social Care to make sure that funding for the NHS, which we are increasing substantially, goes to good use and improves care for patients.