Oral Answers to Questions

Debate between John Penrose and Rishi Sunak

Wednesday 24th January 2024 Commons Chamber

[The Prime Minister]

Another week with absolutely no ideas for the country and absolutely no plan. The right hon. and learned Gentleman talks about the cost of living and the economy, but he never actually brings it up, and we all know why: because things are improving and we are making progress. Wages are now rising, debt is on track to be reduced and inflation has more than halved from 11% to 4%. He knows that our plan is working and that his £28 billion tax grab will take Britain back to square one. That is the choice: it is back to square one and higher taxes with him, or a plan that is delivering a brighter future with the Conservatives.

[John Penrose (Weston-super-Mare) (Con)]

Q4. Changing gear, Mr Speaker. Too many oligarchs and kleptocrats are living off ill-gotten gains that are beyond the reach of domestic courts here or in countries such as America. Ever since the 2016 London anti-corruption summit, moves to create an international anti-corruption court have been gathering momentum to plug the gap. It already has support from countries such as Canada, Holland and Nigeria, and it would fund itself from the fines it charged. Will the Government take the lead in getting it under way, ending impunity for those crooks once and for all?

[The Prime Minister]

I pay tribute to my hon. Friend for his work on this issue. As I am sure he will appreciate, establishing a new bespoke institution is a significant endeavour, but I know that he has discussed it with the Foreign Secretary, who will look at the proposals in more detail. In the meantime, as he knows, our Economic Crime and Corporate Transparency Act 2023 has a raft of new measures to crack down on dirty money, and we will shortly publish our second anti-corruption strategy. We will set out ambitious plans for combating corruption both here at home and internationally.

Oral Answers to Questions

Debate between John Penrose and Rishi Sunak

Wednesday 6th September 2023 Commons Chamber

[The Prime Minister]

If the hon. Lady reads the full transcript and the full findings, she will see a detailed explanation of what happened, which the commissioner described as a “minor and inadvertent” breach, given that at the time I was not aware of the policy that was being discussed with me, and corrected it later on and could have corrected it with slightly different language. She will also know that I am not the only person across these Dispatch Boxes that has had the same thing happen to them.

[John Penrose (Weston-super-Mare) (Con)]

Q9. May I interest the Prime Minister in proposals from the commission for carbon competitiveness, which I chair, that would deliver net zero cheaply and without deindustrialising our economy? It would help British manufacturers facing imports from countries with lower energy costs, make our exports more competitive everywhere, and cut fuel duty at home. We have strong backing from Britain’s heavy industries, and cross-party support from the excellent hon. Member for Aberavon (Stephen Kinnock), whose name is also on the Order Paper. Would the Prime Minister consider adding his name to our list of supporters as well?

[The Prime Minister]

I am grateful to my hon. Friend and the commission for carbon competitiveness for the report that he has worked on and highlighted, and the Government are absolutely committed to putting in place the necessary policies for UK industry to decarbonise successfully. As he will be aware, the Government recently consulted on addressing carbon leakage in particular, with a range of potential options. We are in the process of considering those responses, and will issue a formal response in due course.

Oral Answers to Questions

Debate between John Penrose and Rishi Sunak

Wednesday 1st February 2023 Commons Chamber

[The Prime Minister]

I appointed an independent adviser to fully examine the matter, establish facts and report back. That is the process that the Labour party called for, and that is the process that we followed.

[John Penrose (Weston-super-Mare) (Con)]

Q10. Two years ago, the Prime Minister commissioned me to propose 30 ways to boost growth and make Britain the most competitive country in the world. So far, we are under way with about half of them, but some of the most valuable, such as reforming ponderous and expensive utilities regulators or building on our international lead in open banking, have not moved at all. Will he meet me to discuss how to channel our inner Nigel Lawsons and unblock the arteries of our economy with low-cost, pro-competition supply-side reforms?

[The Prime Minister]

My hon. Friend has a long track record of advocating for and implementing policies that increase our competitiveness and reform the supply side of our economy. His report was fantastic, and I look forward to meeting him to discuss those things further and help drive growth in this country.

Oral Answers to Questions

Debate between John Penrose and Rishi Sunak

Wednesday 23rd November 2022 Commons Chamber

[The Prime Minister]

Again, we respect the decision of the Court today with regard to the referendum and we are getting on with the business of working constructively, collaboratively and in partnership with the Scottish Government to deliver for the hon. Member’s constituents. Indeed, the Ayrshire growth deal is investing over £100 million to make use of his region’s strong industrial heritage, potentially making more use of renewable energy. That is the kind of positive project that we should be focused on, and that is what we will keep on delivering.

[John Penrose (Weston-super-Mare) (Con)]

Q9. The Prime Minister has rightly promised to recruit a successor to Lord Geidt as his ethics adviser promptly, but does he accept that threats to integrity are often broader than the job description of the Prime Minister’s adviser on the ministerial code, and will he therefore commit to introducing the additional measures in the new five-point integrity plan on topics such as lobbying and conflicts of interests, developed with organisations such as Transparency International and Spotlight on Corruption, to show that he will walk the talk and put party integrity and Government integrity at the heart of our democracy?

[The Prime Minister]

I thank my hon. Friend for his comprehensive and thoughtful suggestions. As he acknowledged, I have committed to appointing an independent adviser on ministerial interests, and I very much look forward to studying his other proposals in proper time.

Oral Answers to Questions

Debate between John Penrose and Rishi Sunak

Tuesday 15th March 2022 Commons Chamber

[Rishi Sunak]

We are spending record amounts on supporting those who are disabled. Relative to the OECD, I think we are spending in excess of the average for other leading countries. My right hon. Friend the Secretary of State for Work and Pensions has a particular programme of support in place to help those who are disabled to move into employment; plans were announced earlier this year.

[John Penrose (Weston-super-Mare) (Con)]

T6. In his last Budget, the Chancellor slashed universal credit withdrawal rates, delivering an 8% tax cut for the least well off, but as I explained in “Poverty Trapped”, the combined deductions from income tax and benefits withdrawals often still top 70% for the lowest-paid. If tax rates above 45% destroy work incentives for high earners, why should it be any different for low earners? How much more opportunity, energy and ambition could we unleash if these regressively high and unfair rates were cut even further?

Economic Update

Debate between John Penrose and Rishi Sunak

Thursday 3rd February 2022 Commons Chamber

[Rishi Sunak]

The hon. Gentleman is, of course, well informed on these issues. Our intention is that those people will benefit from the £150, which is why we are providing the discretionary fund. It has been sized with a sense of who those people are and how many they are. We will of course provide some guidance to local authorities on whom we would expect the support to go to, but ultimately they will be able to make those decisions for themselves.

[John Penrose (Weston-super-Mare) (Con)]

I thank the Chancellor for an extremely welcome package, which is the latest step in a series of strong reactions to different crises throughout the pandemic and today. He also mentioned improving investment in North sea gas fields, which is very welcome. It is only a temporary set of solutions, however, that will dull the initial economic pain without solving the long-term problem of sky-high energy prices. What conversations has he had with the Energy Secretary, who is sitting next to him, about solutions to deal with those longer-term problems? When we can we expect to hear answers on such things as reforming the price cap and the wholesale energy market?

[Rishi Sunak]

My hon. Friend is very thoughtful on such matters and has, rightly, long made the point that we must also ensure that the long-term energy market is working in all our benefit. The Energy Secretary, the Prime Minister and I have been involved in such conversations for some time. The Energy Secretary is working on a set of measures that will address many of my hon. Friend’s concerns and he should expect to hear from the Government soon.

Spending Review 2020 and OBR Forecast

Debate between John Penrose and Rishi Sunak

Wednesday 25th November 2020 Commons Chamber

[Rishi Sunak]

I am grateful to the hon. Gentleman for his question. I know that it is a topic on which he speaks passionately. He will be pleased to know more generally about our record spending on R&D next year of just shy of £15 billion; the exact allocation is for the Department for Business, Energy and Industrial Strategy, but there is a significant increase for basic research. Also, within the Department of Health and Social Care Budget settlement, there is about £1.3 billion to fund research for the National Institute for Health Research and Genomics England—both of which do a fantastic job, and I am sure will be working on treatments for us all for many years to come.

[John Penrose (Weston-super-Mare) (Con)]

I welcome the Chancellor’s continuing commitment to sound money. It is particularly easy to forget, in a year when we have just seen an 11.3% cut in the size of the economy, that ultimately, all the money that we are borrowing must eventually be paid back by us as taxpayers. So I urge him not to lose that focus, and as soon as possible to get back to a sustainable basis. As part of that, could he say more about the Restart programme, which he mentioned earlier—a crucial thing to get members of the long-term unemployed back into work? How many people does he expect that to help, and what benefit does he expect that to have for our long-term, sustainable economy?

[Rishi Sunak]

As ever, my right hon. Friend speaks fantastically good sense. He is right; we will need to return to a sustainable fiscal position, not least to build resilience for the next crisis or shock that comes along. We want to be able to react in the same comprehensive and generous way that we did this time, and that requires us to have a strong set of public finances going into it.

My right hon. Friend is right about the Restart programme, which will help, we hope, around 1 million of those who are long-term unemployed; it will be an exciting and ambitious programme. The Institute for Employment Studies has spoken very well about the evidence in favour of that type of high-quality, individual work-focused approach making an enormous difference in getting people back into work. If we can do that, we can reduce some of the long-term scarring that they will face. So I have high hopes for what that programme can achieve.

Economic Update

Debate between John Penrose and Rishi Sunak

Wednesday 8th July 2020 Commons Chamber

[Rishi Sunak]

Procedures are in place for any employee to talk to HMRC if they believe that they themselves have been the victim of fraud or that the company for which they work has not acted in a way in keeping with the guidance. I urge any employees of any company who feel that that has happened to take up the matter via the HMRC hotline, the details of which are online.

[John Penrose (Weston-super-Mare) (Con)]

First, I thank the Chancellor for, as far as I can work out, subsidising me to go down the pub; that is very welcome indeed. I also thank him for the effect that his announcement about tourism VAT will have on hundreds of businesses and thousands of jobs in my constituency of Weston-Super-Mare. May I suggest to him that over the medium term, the best guarantee of jobs and employment has to be to have competitive businesses? I therefore urge him to consider, over the more medium term, sharpening our competition laws and opening up our market economy to tougher competition, as the best long-term guarantee of employment for everybody.