Oral Answers to Questions

Perran Moon Excerpts

Tuesday 4th March 2025 Commons Chamber

[The Chief Secretary to the Treasury (Darren Jones)]

This Government, as the hon. Member will know, has already given £26 billion of additional funding to the national health service and additional funding to the Ministry of Housing, Communities and Local Government for social care. We know that we have more to do. The Government are working hard on that and will set out further details in due course.

[Perran Moon (Camborne and Redruth) (Lab)]

T4. Meur ras, Mr Speaker. Under this Labour Government, Cornish tin mining is back. Following the recent National Wealth Fund investment in South Crofty tin mine at the centre of my Camborne, Redruth and Hayle constituency, does the Chancellor agree that, in doubling the National Wealth Fund investment, that is a perfect example of how public funding should be used to unlock private investment in a strategically vital industry?

[Rachel Reeves]

Unlike the Conservatives, we believe that investing alongside private industry is good for jobs and good for economic growth. I visited the National Wealth Fund’s offices last month where I heard at first hand about its equity investment in Cornish Metals. This will help to finance the reopening of Cornwall’s South Crofty tin mine, creating more than 300 local jobs, and—