Economic Update

Richard Holden Excerpts

Thursday 3rd February 2022 Commons Chamber

[Mr Deputy Speaker (Mr Nigel Evans)]

Finally, my former constituent, Mr Holden.

[Mr Richard Holden (North West Durham) (Con)]

Thank you very much, Mr Deputy Speaker; it is always a pleasure to see you in the Chair. Could my right hon. Friend confirm that all UK households will benefit from the £200 smoothing rebate, and that almost 95% of County Durham residents will benefit from the £150 council tax rebate, including those who are off-grid—a similar proportion to the constituency of the right hon. Member for Doncaster North (Edward Miliband), who I see has now scuttled away? That £150 is over 50% more than Labour’s VAT plan, which would have benefited the richest people most. Will the Chancellor continue to pursue a one-nation Conservative approach, not an inner London two-kitchen one?

[Rishi Sunak]

There were so many excellent points in my hon. Friend’s question. The only thing on which I will correct him is that the energy rebate is Great Britain-wide, because the Northern Ireland energy market is devolved and we do not have the legal powers or the regulator to do it there. Everything else he said is spot on, and I can confirm that this Government will continue to be on the side of his hard-working constituents, whom he does a great job of championing. Today’s announcement will give them the reassurance they need that, at a time of rising prices, this Conservative Government are stepping in to help, as we have and always will.