Public Spending: Inheritance
Debate between Rachel Reeves and Dawn Butler(3 months, 3 weeks ago)
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Rachel Reeves
We have already created a national wealth fund, which will leverage in billions of pounds of private sector investment, including in carbon capture and storage, as well as green hydrogen and renewable-ready ports. We will set out all our spending in the spending review later this year.
Dawn Butler (Brent East) (Lab)
Congratulations on your appointment, Madam Deputy Speaker. It feels really good to be back on the Government Benches. The annual accounts of the Department of Health and Social Care show that £9.9 billion spent on personal protective equipment was written off. Does the Chancellor agree that we could claw back this money through the covid corruption commissioner, and then possibly use some of it to eradicate child poverty?
Rachel Reeves
I thank my hon. Friend for that question. It is to the previous Government’s huge shame that they spent billions of pounds of taxpayers’ money on VIP-lane contracts, and on PPE that was never used; in some cases, it has literally gone up in smoke and been burned. We are appointing a covid corruption commissioner because that money belongs not in the pockets of Tory donors, but in our public services, and we will do everything within our power to get their money back.
Supporting Small Business
Debate between Rachel Reeves and Dawn Butler(3 years, 1 month ago)
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Rachel Reeves
I know my hon. Friend is a keen supporter of businesses, including the Kirkdale Bookshop on Sydenham’s high street and Billings butchers. She is a fine steward for the people of Lewisham West and Penge. I cannot offer expertise on the shopping behaviours of all hon. and right hon. Members—[Laughter.]—but some of our shopping behaviours changing does not mean that our high streets should not have a positive future. There is scope for fresh ideas and a renewed relationship with our high streets, but without easing the pressure of business rates for next year, many shops, including many carrying debts from the pandemic, just will not make it. That is why action is needed now.
Dawn Butler (Brent Central) (Lab)
Four hundred businesses in Brent are at risk. Our high streets have the most independent shops compared with any other high streets in the UK. Does my hon. Friend agree that it is so important that the Government reach out and help to support businesses?
Rachel Reeves
My hon. Friend is absolutely right. She speaks about businesses in Brent, but that could go for so many other constituencies, high streets and town streets across our country. We want businesses to thrive and power our recovery and for every village, town and city across the UK to feel the benefits of a stronger and more resilient economy. Diluting ambition or postponing new thinking comes at a high price for businesses and jobs.