13:30 Stewart Malcolm McDonald (Glasgow South) (SNP)

It is true that much of this is driven by global factors, such as the war in Ukraine and what that has done to food prices and energy prices, the more recent violence in the middle east between Gaza and Israel, and the attacks on international shipping carried out by terrorists in the Red sea, all of which is adding to the problems in this country and, indeed, countries around the world with regard to living standards. Then we have climate change, which is the biggest and most defining issue on which Governments, civil society, other institutions and the private sector must collaborate if we are to not just hit our targets, but deal with the effects of climate change here in the UK and around the world. Of course, as a result of violence and climate change, we also have the mass movement of people and irregular movements of people—a challenge that we need to deal with. I am grateful that the hon. Member for Dover (Mrs Elphicke) is here this afternoon, because I want to touch on the issue of immigration as well.

This is what I think a policy platform that could generate some kind of new consensus looks like. We can see the lessons from institutions such as the European Union and in legislation in the US in the style of the Inflation Reduction Act. I can understand entirely why the right hon. Member for Leeds West (Rachel Reeves), the shadow Chancellor, wanted to move on to that ground, albeit that Labour’s £28 billion green pledge is getting more and more diluted to the point of being hopeless and useless. Nevertheless, such a pledge is exactly where we need to go by using industrial policy. being realistic about immigration policy, and using those policies to tackle the challenges of our time, including climate change and technological development, in order to drive up living standards, while also pursuing our own economic interests and national security interests.

What did we get here in response? Such low ambition. I forget the actual name for it, but the then Secretary of State for Energy and Climate Change, the right hon. Member for Welwyn Hatfield (Grant Shapps), was announcing his “green new deal day”, or whatever he was going to call it. Such was the fear of the hardliners in the Conservative party that the Government had to take the word “green” out of it. That is not serious Government.

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13:47 Mrs Natalie Elphicke (Dover) (Con)

This matters because we do not just pay for the utilities we use; our living standards are directly affected by the bills, which include commitments such as the costs of net zero and of building new physical infrastructure to meet future population growth. All those costs need to be tightly managed, like any other tax or national spending commitment. In my view, all household regulation should be under one roof, overseen by Ministers who can look at total household costs and the impact of regulatory decisions.

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