Financial Statement Debate

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Department: HM Treasury
Wednesday 23rd March 2022

(2 years, 8 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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My hon. Friend makes an excellent point. Even if the Labour Mayor of London is not standing up for his constituents, I know my hon. Friend will stand up for his hard-working constituents in Bexley and Sidcup. He will have seen today that we are on their side; we are cutting their taxes.

Wera Hobhouse Portrait Wera Hobhouse (Bath) (LD)
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The Chancellor is still not agreeing to a windfall tax on the super profits of the oil and gas giants. Such a tax would hit the shareholders, not workers and their jobs. It would not hamper business from operating successfully. Why is he protecting wealthy shareholders?

Rishi Sunak Portrait Rishi Sunak
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I fear this is getting a little repetitive. I believe that we will see more investment in British industry, more investment in the North sea, more energy security and more jobs created. I look forward to companies bringing forward their plans for that in the coming weeks and months.