Finance Bill

Debate between Tristan Osborne and James Murray

Committee of the whole House
Tuesday 10th December 2024 Commons Chamber

[James Murray]

I am glad that the right hon. Gentleman has given me a chance to set out why the Government plan is the right and balanced approach. We are ensuring that the oil and gas sector is supported in making the contribution that we know it will to our energy mix for many years to come, while asking it to contribute to the transition to clean energy. The oil and gas industry recognises that a transition to clean energy is under way. It wants to support investment and jobs in the industry but also to contribute to the transition. Taking a fair and balanced approach is the right way to protect the jobs and industries of today and tomorrow and, crucially, to protect bill payers, giving them permanently lower bills and greater energy independence. [Interruption.]

[Tristan Osborne (Chatham and Aylesford) (Lab)]

In the last financial year, the oil and gas industry made £6.1 billion in profit, despite the chuntering from Opposition Members. Does my hon. Friend agree that the Conservatives introduced the energy levy? We are simply ensuring that our oil and gas sector pays an equivalent sum, so that we can transition to a green energy future. This money is necessary for that transition to occur.

[James Murray]

My hon. Friend is absolutely right that we are asking oil and gas companies to make a fair and reasonable contribution towards our transition to clean energy. That transition is under way, and it is important for oil and gas companies to make a contribution, but that should happen in a way that protects the jobs and industries of today and tomorrow.

Oral Answers to Questions

Debate between Tristan Osborne and James Murray

Tuesday 3rd December 2024 Commons Chamber

[James Murray]

If we look at the OBR forecasts for this Parliament, employment will increase from 33.1 million to 34.3 million. The right hon. Gentleman talks about youth employment. I suggest that he read our “Get Britain Working” White Paper, which sets out in detail what we will do to help get young people, and people suffering from ill health, back into work.

[Tristan Osborne (Chatham and Aylesford) (Lab)]

T7. Last week, the House passed the Second Reading of the Tobacco and Vapes Bill, and I was proud to walk through the voting Lobby with my hon. Friends. This Government are committed to implementing the vaping products duty, which complements the Bill, to safeguard our young people. Will the Minister confirm whether the Government are considering using a digital platform tax for that duty?

[James Murray]

As my hon. Friend set out, the Government confirmed the introduction of a vaping products duty to ensure that young people and non-smokers do not take up vaping. Registration for the duty will open on the digital platform from 1 April 2026, and the duty will take effect from 1 October that year.