IMF Economic Outlook

Debate between Ruth Jones and James Cartlidge

Tuesday 31st January 2023 Commons Chamber

[James Cartlidge]

The hon. Lady is an experienced colleague. She is well aware that we have an independent Bank of England, and interest rates are its responsibility. The crucial thing is that we need to work in partnership with the Bank, and we do that by ensuring that fiscal policy does everything possible to support a stable framework in which inflation falls. That is why we have set a target to halve inflation, and if we do that, interest rates will be lower than they would otherwise have been.

[Ruth Jones (Newport West) (Lab)]

The news from the IMF this morning is deeply concerning. Small businesses are at the heart of the local economy in my constituency. Why does the Minister think the Federation of Small Businesses is reporting that confidence of small business is at its third lowest level since the federation started tracking it?

[James Cartlidge]

The hon. Lady is right to mention small businesses, which make such an important contribution to our economy. My message to small businesses is that we have put in an enormous amount of support to help them with energy costs, including the £18 billion energy bill relief scheme over the past six months, and we will continue to support them from April onwards. Of course, the best way to support them is to provide a stable platform for growth, and that means keeping inflation under control. That is the great challenge that we face, and it is why, as the Chancellor said on Friday, the greatest tax cut we can provide is reducing inflation. That is what we are committed to doing.

Oral Answers to Questions

Debate between Ruth Jones and James Cartlidge

Tuesday 22nd March 2022 Commons Chamber

[James Cartlidge]

It was only on 20 January that the Backbench Business Committee brought before this House a debate on SLAPPs lawfare. I responded to that debate, and at the end I said the Government would be responding. Less than two months later, the Deputy Prime Minister came before the House with detailed proposals. Of course, a key part of this is the behaviour of law firms. Any action we take—we have to be clear on this; we are the Ministry of Justice—must be subject to the rule of law and must take a balanced approach, recognising that while we want to take action, it is a fundamental right to be legally represented.

[Ruth Jones (Newport West) (Lab)]

6. What steps he is taking with Cabinet colleagues to tackle violence against women and girls in (a) Newport West constituency and (b) Wales.