17:56 Harriett Baldwin (Conservative)

In my time as Chair of the Treasury Committee, we had the opportunity to have a private session with the IMF. It is interesting to observe that many of the measures put forward by the Government in the King’s Speech were in the IMF’s prescription for the UK economy. Reforming planning and building on our beloved green belt were from the IMF, as was strengthening the role of the Office for Budget Responsibility and crowding in private capital on net zero projects via a national wealth fund.

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18:23 Wera Hobhouse (Liberal Democrat)

The shift to a green economy represents the most significant transformation for centuries. We must reverse the damaging rhetoric by the failed Conservative Government that the economy will suffer if we are uncompromising in our ambition to get to net zero. This is not an either/or of economic growth or investing in the green economy—the green economy is at the heart of economic growth.

The Liberal Democrats share the ambitions of the Government’s climate agenda, but we will also ensure that these projects have local buy-in. Local authorities must play a leading role in delivering climate action, and the communities that host the new infrastructure must directly benefit from it. For example, there is huge growth potential in community energy. The Liberal Democrats are calling for small-scale renewable energy generators to receive a guaranteed fair price for the electricity they sell back to the grid. Community benefit and individual economic incentives are crucial to securing support and active participation in our energy transition.

I look forward to working together constructively with the new Government to turbocharge our energy to get to net zero, and to make sure we really improve our green public transport and grow the huge opportunities of a green economy.

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18:34 Andrew Rosindell (Conservative)

I respect the fact that we have different opinions on many issues, and I also understand that all of us here want the best for our country and our constituencies. However, I believe that if we want economic prosperity, we need Governments to stay out of people’s lives. We need to allow business to flourish. We need less regulation, and we need to cut unnecessary public expenditure, so that people are not paying high taxes which disincentivise work and put people off from investing in our country. I hope that the Government, having taken office, will pay heed to that. I also say to them that, yes, we want to protect our environment, but we have to think very carefully about the evangelism of net zero. We do not want to make our country cold and poor, and to give competitive advantage to other countries that do very little about climate change and have not met their targets. I am afraid the policy that the Government have adopted will deliver more power to China, so I warn them about going too far in that direction.

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19:04 Jonathan Brash (Labour)

Right now, we are witnessing a new industrial revolution sweep the world as we shift to a net zero future. Whereas our past was in coal and ships, our future is in new nuclear, wave and tidal. The election of this Labour Government means that revolution is finally coming to our shores, with a national wealth fund investing in jobs in every part of the country, a proper industrial strategy that forges a real partnership with business, and Great British Energy, which will make the UK a clean energy superpower.

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19:13 Nick Timothy (Conservative)

We need to question economic theory, challenge Treasury orthodoxy and think beyond the intellectual limits of ideological liberalism. Theories like comparative advantage have led us to offshore industry and grow dependent on hostile states, like China. But international trade is neither free nor fair, and net zero cannot mean sacrificing our prosperity and security. Being a services superpower is a great advantage, but alone it is not enough. We need a serious strategy to reindustrialise, narrow the trade deficit and rebalance the economy. We need to change and, in the months and years ahead, I look forward to debating how we do so.

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19:47 Ruth Cadbury (Labour)

The theme of today’s debate is economy, welfare and public services. Effective transport policies are essential to the change we need to see in all three areas, as well as in addressing our climate crisis, so I am pleased to see the bold and ambitious plans set out by my right hon. Friend the Member for Sheffield Heeley (Louise Haigh) and her team to do just that. For access to work, education and health services, for supplying our manufacturing and retail sectors and for supporting our wellbeing and family life, decent transport choices are essential, and nowhere are they more needed than in the new communities that will be built, if the traffic on the roads to and around them is not to grind to a halt. Whether in city, town or countryside, we need the full range of transport options—ones that are affordable, accessible, efficient and environmentally sound.

Transport is at the heart of the challenge of national renewal that we have set ourselves: kickstarting economic growth, boosting jobs and living standards, and building sufficient homes in sustainable communities. Of course there are challenges ahead—not least in further growing capacity in our overloaded rail network. I welcome the plan to improve east-west connectivity across the north of England, but funding further increases in rail capacity will unfortunately be financially unsustainable until we see the economic growth that the Chancellor is working on. Aviation expansion is acceptable only if it passes the four tests that we set ourselves in opposition: cutting carbon dioxide emissions, overcoming local environmental impacts, providing regional benefits across the UK, and deliverability. I know that the new Secretary of State and ministerial team will work across our travel and transport sectors to improve transport connections to the benefit of our country as a whole.

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20:08 Josh MacAlister (Labour)

Of course, there is the world’s first civil nuclear power station at the site now famously known as Sellafield, home to a world-leading decommissioning mission, which is stimulating innovation in robotics and AI. We led the world, and we can again. We have the people, the will, the determination and now, thankfully, the Government to do it. Our nuclear heritage and our skilled workforce mean we have what it takes to be the ideal location for the next generation of nuclear power. The Government are determined to make the most of new jobs in the energy transition, to reform our broken planning system and to decarbonise the grid, and these three things offer the opportunity for the people of Whitehaven and Workington to fly.

A Labour Government with a proper industrial strategy and the right targeted investment could completely transform the economic geography of my community. These are decisions that need to be made to create the growth we have promised and to tackle the climate crisis our planet faces. I am determined to play my part to deliver this Labour Government’s mission and to ensure that west Cumbria feels the maximum possible benefit of the change we want to bring about for our country.

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20:46 Nadia Whittome (Labour)

The failure of previous Conservative Governments to combat the climate crisis should terrify us all. We have so much catching up to do if we are to avert the chaos it threatens, so I welcome our Government’s plans to speed up the transition to renewables through a publicly owned clean energy company. And with a Bill to bring rail services back into public ownership, I hope to see far less regularly those chilling words: “rail replacement bus service”.

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21:15 Victoria Collins (Liberal Democrat)

The same fate goes for the Grand Union canal, where people can jump out at Tring. Although they may not be able to see zebras or cassowaries in Tring Park any more, they can visit them in our natural history museum. People in our part of Hertfordshire are proud of their natural landscapes, and I join them in campaigning to protect our environment and tackle the climate crisis.

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