Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Sammy Wilson Excerpts
Tuesday 20th June 2023

(1 year, 6 months ago)

Commons Chamber
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Jeremy Hunt Portrait Jeremy Hunt
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My right hon. Friend is right to say this is a big opportunity. We are home to a third of Europe’s AI start-ups, but we are very aware of the risks of AI. The Government are hosting a global AI summit, with the support of President Biden, this autumn, to ensure we get that regulation absolutely right.

Sammy Wilson Portrait Sammy Wilson (East Antrim) (DUP)
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Quite rightly, this Question Time has been dominated by questions about inflation and the cost of living. One policy that has not been mentioned is the Government’s net zero policy and the inflationary costs included in it, from green levies of £12 billion to the cost of strengthening the infrastructure and the favourable treatment given to renewable energy firms. While the Minister may condemn the Labour party for its £29 billion green policy spending plan, what is the cost of the Government’s net zero policies to consumers? Are they not picking their pockets dry?

Gareth Davies Portrait The Exchequer Secretary to the Treasury (Gareth Davies)
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We have a world-leading track record on net zero, but we must balance that correctly with who bears the cost. Critical to the nature of the right hon. Gentleman’s question is mobilising more private capital, and we are making great strides on that front.