Sam Rushworth
Main Page: Sam Rushworth (Labour - Bishop Auckland)Department Debates - View all Sam Rushworth's debates with the HM Treasury
(1 day, 9 hours ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Rachel Reeves
I have huge respect for the right hon. Gentleman and the time he spent at the Treasury. As he knows, the previous Government committed to reaching 2.5% by the end of this Parliament. We are committing to bringing that forward, and by April next year we will be spending 2.6% of GDP. We will set out the defence investment plan based on our strategic defence review. Of course, the previous Government did not even bother to do a strategic defence review.
Sam Rushworth (Bishop Auckland) (Lab)
Constituents in Weardale, Teesdale and Gaunless valley are already paying double what they would have paid for their heating oil a week ago, and some of them simply cannot afford to fill up their tanks. Thanks to the fiscal headroom that the Chancellor has created, there is money in the system to support them, so will she consider fixed-term payments in the short term, and an expansion of the warm homes local grant in the long term, to help people to transition to cheaper forms of fuel?
Rachel Reeves
As I set out in my statement, we put £15 billion into the warm homes plan at the spending review last year, to better insulate people’s homes and help them to move to cheaper forms of energy. However, I recognise the immediate problems relating to heating oil, which is why I have asked the Competition and Markets Authority to consider price gouging, and why the Financial Secretary to the Treasury will meet MPs on Wednesday. I hope that my hon. Friend will be there on behalf of his Bishop Auckland constituents.