Oral Answers to Questions Debate

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Department: HM Treasury
Tuesday 14th November 2023

(5 months, 3 weeks ago)

Commons Chamber
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Gareth Davies Portrait Gareth Davies
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Fuel duty is a major cost for households and businesses. We recognise that. That is why in the spring Budget 2023, the Chancellor extended the 5p temporary duty cut. That was a £5 billion saving for motorists, worth £100 for the average motorist, but we always keep these things under review.

Priti Patel Portrait Priti Patel (Witham) (Con)
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23. What steps he is taking to support economic growth in Essex.

Bim Afolami Portrait The Economic Secretary to the Treasury (Bim Afolami)
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As my right hon. Friend knows, the Government are committed to supporting economic growth all over the country, but particularly in the wonderful county of Essex. The recently announced £1.1 billion long-term plan for towns will, for example, provide £20 million of flexible funding over 10 years to Clacton, and there are many other measures.

Priti Patel Portrait Priti Patel
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I welcome my hon. Friend to his new role. I hope that he will know not only that the only way is Essex, but that Essex is a net contributor to the Treasury. We want more economic growth in Essex. In a week’s time, we will have the autumn statement, so may I give a message to those on the Treasury Front Bench? May I appeal to the Chancellor in particular to look at lowering the rates of personal and business taxation, particularly the areas of business rates, corporation tax and all aspects to do with enabling people to keep more of the money they earn?

Bim Afolami Portrait Bim Afolami
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My right hon. Friend tempts me to make tax policy. What I will say to her is that she will know that the Chancellor always keeps these things under review, as do the Government. Indeed, we have a fiscal event shortly.