Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Peter Grant Excerpts
Tuesday 15th November 2022

(2 years ago)

Commons Chamber
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Jeremy Hunt Portrait Jeremy Hunt
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I can absolutely give the hon. Gentleman that undertaking. We must remember that, for those businesses, very often the most insidious taxes are those that they have to pay before making any kind of profit, because those are the taxes that can make them go under. As the Conservative party—the party of small business—we will think very hard about their needs.

Peter Grant Portrait Peter Grant (Glenrothes) (SNP)
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Governments do not create wealth, says the Chancellor. Well, this Government certainly do not, nor did any of their predecessors.

Can the Chancellor tell us at what point in his predecessor’s so-called plan for growth did he realise that it was a recipe for economic disaster? If, like everyone on the Opposition Benches, he realised that before his predecessor had sat down, why did it take him so long to speak up about it?

Jeremy Hunt Portrait Jeremy Hunt
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I did actually reverse most of those measures within three days of becoming Chancellor, so, among my many failings, the one thing I cannot be accused of doing is being slow to change things.