Rehman Chishti
Main Page: Rehman Chishti (Conservative - Gillingham and Rainham)Department Debates - View all Rehman Chishti's debates with the HM Treasury
(7 months, 2 weeks ago)
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Mr Speaker
Congratulations, Mr Chishti, on your engagement at the weekend. You are not crossing the Floor, I understand.
Rehman Chishti (Gillingham and Rainham) (Con)
Most definitely not!
It has just been said that there is a real cost of living challenge, and that is absolutely correct. A key part of that relates to the war in Ukraine, which poses real challenges for energy supplies to the United Kingdom. As a former Minister who applied sanctions to Russia and looked at the oil price cap, I know that we need to ensure that what happens in Ukraine is offset by actions that hold Russia to account and address the cost of living. The US has seized Russian assets to pay for the reconstruction of Ukraine; the UK should do the same. That would help ease the burden on the UK economy and the taxpayer.
Nigel Huddleston
It is always a pleasure to see my hon. Friend in his place. He raises a variety of really important issues that show precisely why we work across Government—there are multiple Departments involved—on matters relating to sanctions. The invasion of Ukraine has had an incredible impact around the world, not just in the UK. Everybody in this House should welcome the fact that, because of action taken by this Government and the Bank of England, and other measures, inflation is now falling and will soon hit target.