Richard Foord
Main Page: Richard Foord (Liberal Democrat - Tiverton and Honiton)Department Debates - View all Richard Foord's debates with the Leader of the House
(2 weeks, 2 days ago)
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Penny Mordaunt
The hon. Gentleman will not be surprised that I disagree with his characterisation of the UK’s choice to leave the European Union as a highway to hell, but I will ensure that the relevant Minister has heard his concerns. Of course, I congratulate everyone involved in what sounds like a very jolly festival, and I hope a good time is had by all.
Richard Foord (Tiverton and Honiton) (LD)
Today we read in the press that the oil and gas company Shell will take some of its bumper profits, creamed off the top of people’s soaring energy bills, and use it for share buy-backs. Shell plans to start a £2.8 billion share buy-back scheme to inflate its own share price, rather than to help tackle the climate emergency or boost our economy. A 4% tax on share buy-backs as proposed by the Liberal Democrats could raise about £2 billion per annum for our public services, so could we please have a debate on share buy-backs and the potential benefits of such a levy?
Penny Mordaunt
The hon. Gentleman will know that, on any such proposals that the Liberal Democrats wish to put forward, they can question the Chancellor next Tuesday when the House returns. He will also know that the Government have done a huge amount of work with both energy companies and their suppliers to assist in alleviating the cost-of-living issues that households and businesses are facing.