Financial Statement

Zarah Sultana Excerpts

Wednesday 23rd March 2022 Commons Chamber

[Rishi Sunak]

My hon. Friend makes an excellent point. I look forward to taking up his suggestion and having further conversations with him about it. I am glad that over 1 million Welsh taxpayers will benefit from the announcements we made today.

[Zarah Sultana (Coventry South) (Lab)]

The richest Member of Parliament just spoke about how he understands the impact that the cost of living crisis is having on millions of people, but what he said will sound like a cruel joke to people across the country. Energy bills are rocketing, while fossil fuel giants BP and Shell are set to make £40 billion in profits this year. Why has the Chancellor refused to introduce a windfall tax on those companies to fund the restoration of the old, lower, energy cap? Is it because he would rather squeeze the livelihoods of ordinary people than the profits of the super-rich?

[Rishi Sunak]

With regards to the livelihoods of ordinary people, they have just received a £330 tax cut today and a discount on their fuel bill, with more tax cuts to come. This Government are on the side of hard-working British families.