Business of the House

Florence Eshalomi Excerpts

Thursday 10th February 2022 Commons Chamber

[Mark Spencer]

I think it unlikely that I am going to say no. My hon. Friend is a huge champion for Leicestershire and for the east midlands, and I shall be delighted to work with him to highlight the importance of the east midlands, to get more investment into the region, and to create more jobs and more opportunities for the next generation.

[Florence Eshalomi (Vauxhall) (Lab/Co-op)]

In his opening statement, the new Leader of the House mentioned the £9.1 billion energy bill rebate that the Government have announced to help constituents up and down the country. Yesterday I visited small business owners in Kennington Road, in my constituency, and they told me that their energy bills were going through the roof. Some are having to take measures such as not turning on their electricity during the day when there are no customers. These are hard-working people who want their businesses to succeed. At a time when we are seeing Shell and BP make profits of £14 billion and £9 billion respectively, will the Leader of the House please consider providing Government time for us to discuss how we can help our constituents who are suffering pain now, given that this rebate will make no difference to their pockets?

[Mark Spencer]

I want those businesses to succeed as well. Everyone on the Government side of the House wants to see them succeed. I want to see them create jobs for the hon. Lady’s constituents and for mine, and I want to see them make a good profit and pay their contributions in tax. The energy companies that the hon. Lady mentioned, on which she wants to see a windfall tax, are already paying a huge rate of tax to the Exchequer, and many of our constituents depend on the share values of those companies for their pensions. We have to get the balance right. We need to ensure that those companies are efficient enough to deliver the lowest level of energy costs that they can manage, but the Exchequer has provided mechanisms to support those businesses and our constituents. I think the Government are striking the right balance, and that the proposals of the hon. Lady’s party would take us in the wrong direction.