14:22 Drew Hendry (Inverness, Nairn, Badenoch and Strathspey) (SNP)

On the climate, where have all the good promises gone? Where have all the warm words gone on taking the global climate crisis seriously? In fact, the autumn statement undermines Scotland’s climate change goals and underlined the dangers of Scotland being held back. The UK Government are pushing ahead with nuclear, which is the most costly and the slowest form of energy to deliver, and has the highest environmental impact. The UK already has the most poorly insulated homes in western Europe. There is nothing to change that situation. They still have not delivered, after a number of betrayals, the Peterhead carbon capture and storage project. They have put a higher—higher!—windfall tax on renewable energy producers than they have on oil and gas. That is quite incredible. They have deterred and deferred the uptake of electric vehicles. At a time when momentum was growing for people to invest in an electric vehicle to be better for the climate, what do this Government do? They introduce a pretty high tax to put people off doing that. People will persevere with their petrol and diesel for a bit longer, and burn more carbon-intensive fuels.

[Source]

14:46 Mr Virendra Sharma (Ealing, Southall) (Lab)

This autumn statement is a wasted opportunity. The chance for a fresh start after the Budget that broke the pound has been squandered. This Government are holding Britain back. We need my right hon. Friend the Member for Leeds West (Rachel Reeves) and my right hon. and learned Friend the Member for Holborn and St Pancras (Keir Starmer) at the wheel. The current driver is asleep. With a vision for green energy independence, investment, equality and growth, only one party has a plan, and it is on the Opposition side of the Chamber.

[Source]

15:13 Sarah Olney (Liberal Democrat)

The Liberal Democrats are the only party with a comprehensive plan to rebuild trust and co-operation with Europe, to rebuild ties with our largest trading partner and to grow our economy. The Conservatives have no plan for future prosperity. We need a plan for an innovation-led economy aligned to net zero; one that sustains economic growth and fuels a fairer society with high-quality public services. Instead, the Conservatives have inflicted higher taxes and weaker public services on everyone, all without a proper mandate and all to pay for the damage that they caused in the first place.

[Source]

15:53 Bim Afolami (Hitchin and Harpenden) (Con)

We are trying to decarbonise our economy, as hon. Members on both sides of the House agree, but oil and gas are still hugely significant to absolutely everything in the economy. Structurally, demand for oil and gas from the developing world—not primarily China, but India and sub-Saharan Africa—is rocketing, because the people in those countries want to have what we have. They want to industrialise and make their lives better, and they need energy to do that. At the same time, we are seeing lower investment in new oil and gas by major energy companies. That is happening for myriad reasons, but principally because the messages that we have been sending around the necessary green investment have made shareholders demand higher returns for shareholders rather than those profits going into investment.

It is, and I would love to speak much more about that point, but I do not have much time. I would just say that we must start to take seriously the issues of delivering much more renewable energy on our own soil, and of exploring oil and gas in the North sea to the maximum we can. A lot of the other economic debates we have are largely irrelevant in the context of that energy challenge.

[Source]

16:48 Mohammad Yasin (Labour)

I have been asking for clarity on the future of East-West Rail for well over a year now. The Government’s shambolic handling of the project is causing a lot of distress to my constituents in Bedford whose lives have been in limbo since their homes came under threat of demolition in 2020. We urgently need to see the massively delayed consultation response and route announcement. I urge the Government to publish the business case before they proceed with full consideration of the environmental impacts. No new rail infrastructure should be built if it is not compatible with our net zero targets.

[Source]

17:04 Jack Brereton (Stoke-on-Trent South) (Con)

Not a single British Ceramic Confederation member benefited from the energy security strategy, which focused only on the largest energy-intensive users. The industry is very willing to embrace and move towards net zero, but far more needs to be done to incentivise and support these sectors to invest in new energy-efficient technologies, particularly through R&D. There is a huge opportunity to focus the growth we are seeing in R&D on those energy-intensive sectors where it will be most difficult to achieve the transition towards net zero. We should be focusing R&D on those sectors and helping them to decarbonise. The review of the energy bill relief scheme needs to support and give energy-intensive sectors certainty through the short-term supply-side problems that have been caused by the covid legacy and Putin’s terrible, illegal war on Ukraine.

[Source]

17:54 John McDonnell (Labour)

The Budget also demonstrates that there seems to be a deep failure in Government to comprehend the consequences of the last 12 years. As we have heard in today’s debate, one consequence is that more and more people are on the edge and, unless there is some support, particularly on wages and benefits, they will be pushed over that edge. For the first time since the 1930s, a UN rapporteur on the state of this country is talking about destitution. So we need an alternative programme for government, which is being developed by those on the Labour Benches at least. We need a longer-term plan, rather than short-term decision making, one based on redistributive taxation that will fund our public services and address the poverty and inequality that scar our society. We need a programme for securing stable, long-term investment in our infrastructure, but also in our people, so we can mobilise our whole economy to tackle the challenges we face of poverty and inequality, and the rising challenge of climate change. I was hoping to hear that from this Budget. That has not happened. I have to agree that the only way that debate will seriously happen in the coming months is if we have a general election.

[Source]

18:18 Beth Winter (Cynon Valley) (Lab)

The autumn statement does not deal with the household cost of living crisis, the public service funding crisis or the climate crisis. It sets the wrong priorities, and all in the name of stability. Until a Budget robustly redistributes the money from the few to the many and gets the economy moving, the same problems and the instability we face will continue and worsen.

[Source]