18:01 Mr Tobias Ellwood (Bournemouth East) (Con)

I began by mentioning the global shocks of covid and Ukraine, and placing them in context. There is clearly a direct correlation between our economy and our security. About half of our GDP is affected by international headwinds. For those of us who follow international events, it is clear that there will be more covids and more Ukraine-sized conflicts. Our world is becoming more dangerous, not less. These threats are growing and becoming more complex and dynamic. There is an increasing blurring, with the scale of direct military threats being matched by those in the economy and, specifically, in the digital space. With authoritarianism on the rise, we have entered an ever-uncertain era of insecurity, akin to the 1930s, with rising populism, new and dangerous alliances forming, increased threats to our international rules-based order and our international institutions unable to hold errant nations to account. This is all causing a number of alarm bells to ring on the global order dashboard. Arguably, the situation is even more grave than the one in the 1930s, because we also face climate change, cyber threats and the pervasive role of the non-state actor in that equation.

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19:01 Peter Aldous (Waveney) (Con)

My final point on the need for levelling up in the east of England is that we are the lowest-lying region in the UK, and we have a long and porous coastline. That means that we are particularly vulnerable to flooding and coastal erosion, which are being accelerated by climate change. In recent days, many homes have disappeared over the cliff in Pakefield in my constituency. That has brought despair and desperation to many, and moreover creates risks from dangerous cliffs and the exposure of world war two sweeper markers, which have been detonated today. Thanks are due to the emergency services for all that they are doing, working in appalling conditions to keep people safe, but communities are at severe risk—not only Pakefield, but communities right up and down the Norfolk and Suffolk coast.

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19:37 Giles Watling (Clacton) (Con)

The bulk of my comments, however, come directly from and relate to our wonderful sunshine coast in Clacton. I reached out to a number of businesses and promised to be their voice, fulfilling my pledge to be Clacton’s man in this place. Here is what they had to say. Gavin Smith of Hedingham and Chambers buses—a firm doing amazing work, and I want to help it do better—wanted me to tell the Treasury that the £2 billion for development of zero-emission buses technology is great news, and it wants to work with that.

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20:55 Beth Winter (Cynon Valley) (Lab)

Wealth generated in Wales has been extracted from our country since the industrial revolution, so I will continue challenging the dogmatic neoliberal economic approach taken by this Tory Government. Sadly for Wales, the purse strings remain here in Westminster, and Wales is still being exploited. The UK has failed to fund making coal tips safe, has failed to fund our HS2 consequentials, and has failed in the levelling-up agenda. We need a proper, fair, needs-based settlement for Wales. Across the UK, we need public investment, decent public services and pay restoration for public servants, and we need to scrap sanctions on social security. We must stop investing in fossil fuels; otherwise, we will accelerate the climate catastrophe. We need to increase Treasury revenue to fund that change through progressive wealth taxes, including inheritance, land and property taxes.

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21:25 Hywel Williams (Arfon) (PC)

Our public services continue to wither without the investment needed. Buses, railways, healthcare, sustainable energy and other such initiatives in Wales are desperate for proper funding, yet the projections for departmental budgets show a £19 billion cut. We have been through many years of crisis, yet our economy is not prepared for the shocks of the future—an ageing population, higher Government debt, higher interest rates, energy insecurity and, of course, climate change—because we are seeing the consequences of failure to act over 13 long years.

A report published today by the Energy and Climate Intelligence Unit finds that, due to the combination of energy cost and climate change impacts across 2022 and 2023, household food bills have increased by an average of £605. Climate costs account for 60% of that—£361 per household.

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