Oral Answers to Questions

Peter Dowd Excerpts

Wednesday 17th January 2024 Commons Chamber

[The Prime Minister]

My hon. Friend is a superb ambassador for Moray and Scotch whisky. He is right that it is a hugely successful export industry that supports tens of thousands of skilled jobs across Scotland. I will not tread on the Chancellor’s toes about future Budgets, but I am proud of this Government’s track record of supporting the industry, having removed US tariffs on Scotch whisky, reduced tariffs in deals with countries like Morocco and Argentina and supported the sector’s interests in our free trade agreements with Australia and New Zealand and, most recently, the comprehensive and progressive agreement for trans-Pacific partnership.

[Peter Dowd (Bootle) (Lab)]

Q12. The Prime Minister has been very keen to take credit for falling inflation in previous months. Will he now take responsibility for today’s rise?

[The Prime Minister]

Inflation was over 11% when I got this job. Inflation today is 4%, in common with the US, France and Germany. All countries have seen a mild tick-up in December, but the crucial thing is that inflation has been more than halved and delivered ahead of schedule. That is an enormous benefit to families up and down the country—a benefit that would be reversed by the Labour party’s plan to saddle them with £28 billion of tax rises.