Economic Update
Debate between Tonia Antoniazzi and Rishi Sunak(3 years, 3 months ago)
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Rishi Sunak
I praise my hon. Friend for being a fantastic representative of her constituents when it comes to financial services. I have enjoyed my conversations with her, and I look forward to working with her and the industry to ensure that we maintain a close relationship with the EU, but also that we look to capitalise on the new opportunities, making sure that London remains a pre-eminent global centre and that the UK does its bit. Whether it is on greening the financial system or taking advantage of new digital technologies, we must lead the world, and I know that she will help me to do that.
Tonia Antoniazzi (Gower) (Lab)
The Welsh Government have not hoarded money meant for Welsh businesses, and it is dangerous to hear the right hon. Member for Preseli Pembrokeshire (Stephen Crabb) saying such things in the Chamber. They are getting help to those businesses while the UK Government make a big fanfare over new help that turns out not to be new help at all. Will the Chancellor tell me and my constituents how much new money for Wales he has announced today?
Rishi Sunak
I am happy for the hon. Lady to refer to the answer I gave earlier, but if she would prefer that, rather than give up-front funding guarantees and certainty to the devolved Administrations in a pandemic, we returned to piecemeal funding by announcement, she should please write to me and let me know. The Welsh Government have received over £5 billion in up-front funding guarantees, and as we make announcements it is right that we highlight the amount of additional Barnett funding that flows from those announcements, so that that can be netted off against the guarantee.
Economy Update
Debate between Tonia Antoniazzi and Rishi Sunak(3 years, 5 months ago)
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Rishi Sunak
My hon. Friend is a fantastic champion for the engineering sector, which he cares deeply about and has spoken to me about previously. He is right: it is important that we train the engineers of tomorrow, and what better time than Tomorrow’s Engineers Week? I would be happy to talk to him and any organisations that he wants to connect me with to make sure that the sector fully benefits from the opportunities we are providing for companies to take on bright new people and provide them with a better future.
Tonia Antoniazzi (Gower) (Lab)
This is a simple question to the Chancellor: why does he dress up on social media the financial support—which, as he stated today, has been given equally and fairly, wherever people live—saying that the Welsh should be grateful for what is equally and fairly theirs to receive?
Rishi Sunak
As I have said before, this is a United Kingdom approach. We have universal schemes that benefit people equally wherever they live. On top of that, for those things that are devolved—that we do solely in England—I have announced today extra funding of hundreds of millions of pounds, with £5 billion in total for the Welsh Government, which can be used as they wish to support their constituents. I look forward to seeing how they plan to spend that money.