Oral Answers to Questions

Debate between Perran Moon and Rachel Reeves

Tuesday 4th March 2025 Commons Chamber

[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—