Oral Answers to Questions Debate

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Department: HM Treasury
Tuesday 20th December 2022

(1 year, 7 months ago)

Commons Chamber
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James Cartlidge Portrait James Cartlidge
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Few colleagues put a question about inflation more eloquently than my hon. Friend. He makes an interesting suggestion. The support we have put in place has come through a variety of mechanisms, such as direct support for our constituents to help with cost of living and the energy price guarantee. He asks about how we ensure that that reduces inflation; the key point is that the OBR has confirmed that because of the energy price guarantee, the peak of inflation will be 2.5% lower than it would have been. That shows that our support is not only making a difference to our constituents this winter but is reducing the underlying cause of inflation, and that is in the best interest of the whole of the United Kingdom.

Rupa Huq Portrait Dr Rupa Huq (Ealing Central and Acton) (Ind)
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I am sure that like me, Mr Speaker, you long for the days of cool Britannia under a Labour Government. Touring musicians and performers are now hamstrung with restrictions and red tape because of the Government’s botched Brexit deal. We need a Christmas miracle, don’t we? When will the Government accept that this as a problem, and what are they doing about it?

Victoria Atkins Portrait Victoria Atkins
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I hope that, in the spirit of Christmas cheer, the hon. Lady will accept that the trade and co-operation agreement is the world’s biggest zero-tariff, zero-quota trade deal. It provides a strong base for UK businesses to trade with the EU. We continue to support businesses trading with the EU, as well as helping them seize new opportunities with fast-growing economies around the world through our free trade agreements.