Sammy Wilson
Main Page: Sammy Wilson (Democratic Unionist Party - East Antrim)Department Debates - View all Sammy Wilson's debates with the HM Treasury
(2 years, 2 months ago)
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Kwasi Kwarteng
Absolutely. I will be updating the House on measures to try to make sure that the financial services become, as they have been in the past, a world-leading industry.
Sammy Wilson (East Antrim) (DUP)
I think many people will be astounded at the reaction to the Chancellor’s proposal to increase economic growth in the United Kingdom, which will increase standards of living, increase employment, help to raise revenue for public services and reduce the national debt. I only hope that the Brexit freedoms that he talks about, once we are free of the Northern Ireland protocol, will lead to investment zones and regulatory reform in Northern Ireland.
Will the Chancellor consider two things to help working families? First, will he consider increasing tax-free childcare allowances, which would be an immense help for them? Secondly, since two thirds of people in Northern Ireland rely on home heating oil, will he accept that a £100 increase in assistance is not acceptable when there has been a 300% increase in the price of heating oil?
Kwasi Kwarteng
We are absolutely looking at the childcare issue, and I am sure one of my Cabinet colleagues will update the House on that; we are talking about the heating oil intervention; and we are very willing and eager to engage with Northern Ireland colleagues and friends on working out how we can roll out investment zones in Northern Ireland.