The Growth Plan Debate

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Department: HM Treasury
Friday 23rd September 2022

(1 year, 7 months ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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That is not true at all. We have intervened in a way that no other Government have to protect people from gas price spikes. We have also focused on expanding supply. I ask Opposition Members their views on North sea oil and gas. We are expanding it; we are proud to expand capacity in order to reduce prices.

Jane Hunt Portrait Jane Hunt (Loughborough) (Con)
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I congratulate my right hon. Friend the Chancellor on an excellent speech, and on his focus on growth for this country. We are a nation of small businesses; that goes for people who own businesses and the employees who work in them. He has really listened to those small businesses and understands the issues that they face. Given that he has achieved all that in only two and a half weeks, can he let us know the likely timescales for the repeal of IR35 and for business rate reviews? Could they be just as quick?

Kwasi Kwarteng Portrait Kwasi Kwarteng
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I made an announcement on IR35 this morning. I would be very interested to hear my hon. Friend’s ideas on business rates, because that is an ongoing conversation. I used to hear that the whole time when I was Parliamentary Private Secretary to the Chancellor five years ago, and I have as Chancellor for, as she says, two and a half weeks.