Economy Update

Debate between Huw Merriman and Rishi Sunak

Thursday 26th May 2022 Commons Chamber

[Rishi Sunak]

We have not changed the structure of how the price cap works—it covers what it covers. But what we have done is provide discretionary funding—already half a billion pounds this year between spring and autumn, and now an additional half a billion pounds from October through to next spring—to pick up all those who might be in particular circumstances that need additional assistance.

[Huw Merriman (Bexhill and Battle) (Con)]

May I welcome the Chancellor’s economic package? It is thoughtful, innovative and incredibly generous—much more so than some of the ideas that some are saying he has taken from the Opposition.

Last week, I met our fantastic citizens advice team, who work so hard locally. They had a number of measures, and he has delivered on them all. There is one remaining: they were concerned that one-off payments, generous as they are, can sometimes be difficult for people with particular challenges to manage. Will he look at that in the roll-out and ensure that we can help the people who perhaps need it the most?

[Rishi Sunak]

I thank my hon. Friend for his support and join him in paying tribute to our fantastic citizens advice bureaux for the fantastic work they do. He makes a good point, which is one reason why the payment will be staggered into two tranches. It will not come all in one go: the first tranche will come in July and the second later in the autumn. That will help to address the issue that he raised.

Financial Statement

Debate between Huw Merriman and Rishi Sunak

Wednesday 23rd March 2022 Commons Chamber

[Huw Merriman (Bexhill and Battle) (Con)]

I congratulate the Chancellor on the statement and particularly on the 5p reduction in fuel duty, which I note is temporary. Will he remind all Members of this House that temporary does not mean permanent, and that as the reduction costs £5 billion, if it becomes permanent we will not be able to reduce income tax, which also costs £5 billion, if we are to meet our tests of fiscal responsibility?

[Rishi Sunak]

I thank my hon. Friend, as ever, for his support. He is right: the fuel duty cut will benefit all our constituents, particularly those in more rural areas and on lower incomes. He is also right to make the point that we need to remain disciplined on public spending. We have fully accounted for the income tax cut in our plans, but it will require collective discipline to deliver those tax cuts and others that we want to see over the remainder of this Parliament.

Spending Review 2020 and OBR Forecast

Debate between Huw Merriman and Rishi Sunak

Wednesday 25th November 2020 Commons Chamber

[Rishi Sunak]

My priority throughout this crisis has been protecting jobs. I am pleased to see that that is something the OBR, the Bank of England and the IMF all acknowledge has happened as a result of our interventions. We currently have an unemployment rate that is lower than Italy, France, Spain, Canada and the United States. So, yes, I do think what we are doing is making a difference to millions of people up and down the country.

[Huw Merriman (Bexhill and Battle) (Con)]

Can I commend all the work that the Chancellor has done this year? Many constituents I speak to credit him personally with keeping them in a job. I am also pleased to see that, despite the financial pressures, the Chancellor is investing in transport. We see multi-year settlements for road, rail and active travel, and changes to the way infrastructure projects are appraised to increase the number of transport projects in deprived parts of the country, as well as a green book, a national infrastructure strategy, a red book and a £4 billion levelling up fund—and I am pleased to see that the Department for Transport is a sponsor. Can I ask him to keep a watchful eye on how all that is spent? Will he continue to place transport investment at the heart of our recovery and his long-term vision for this country?

[Rishi Sunak]

I am very grateful for my hon. Friend’s intervention. He is absolutely right, and he has championed tirelessly for his constituents and the country the importance of transport in our levelling-up agenda and in helping to drive growth and spread opportunity. He is also right that we should be careful about how this money is spent and make sure that it is delivered. I talked about Project Speed earlier, and I would welcome his involvement and advice on that. He will notice in the spending review document a new focus on outcomes across public services with a new public value framework. That will deliver what he is asking for.

Covid-19: Economy Update

Debate between Huw Merriman and Rishi Sunak

Thursday 22nd October 2020 Commons Chamber

[Rishi Sunak]

Maybe the hon. Gentleman knew something that the TUC and every other business group did not when they warmly welcomed the introduction of the job support scheme, but I am grateful to have his thoughts. He might also want to have a word with his colleague the hon. Member for Edinburgh North and Leith (Deidre Brock), who said that it was wrong to give support to large businesses that were benefiting from this crisis. That is exactly why it would be wrong to extend the furlough scheme. The job support scheme is more targeted in its approach, makes sure that those types of businesses are not able to access support and, as I have mentioned, is more generous to employers than the October furlough scheme.

[Huw Merriman (Bexhill and Battle) (Con)]

I warmly welcome the Chancellor’s statement and thank him and his colleagues, and indeed the Department, for everything they are doing. It would take the most churlish of people to claim that this is anything but flexible, nimble and massive support for business. I recognise that, in making the job support scheme more generous, the Chancellor is now providing support for businesses that are open, and that is absolutely welcome. What steps are being taken in respect of those businesses that are open and perhaps do not need as much support—or, indeed, there could be fraudulent claims—to protect the taxpayer?

Economic Update

Debate between Huw Merriman and Rishi Sunak

Tuesday 17th March 2020 Commons Chamber

[Rishi Sunak]

As I reiterated last week, we will provide whatever is required to public services. My right hon. Friend the Health Secretary is working with the Local Government Secretary to understand exactly what is required in social care.

[Huw Merriman (Bexhill and Battle) (Con)]

I welcome the package that the Chancellor has laid out and all the work that he has been doing. He said that he will look at other things over the coming days. May I please ask him to consider pre-schools and nurseries? They pay business rates, so will not receive the £10,000, but they are not within the category of hospitality, retail and leisure. Mine have been in to see me today and they are very worried. It would be awful for the very people that rely on them—the parents. Will my right hon. Friend consider that ask?

[Rishi Sunak]

I thank my hon. Friend for his comments and am happy to look at what he is saying.