Preventing Crime and Delivering Justice — House of Commons, 2022-05-11
Topic: Macroeconomics
Robert Andrew Raymond Syms (Conservative, Centre-right): I support the Queen’s Speech and the programme unveiled by the Government. One can see politics getting back to normal and I am sure that the contest in the House today will be watched in the next two years as we glide to the likely date of a general election. Both sides are feisty performers and I am sure that many of us appreciate that The Government’s programme sets out to help grow the economy. It is for safer streets and for supporting the recovery of the national health service. The economy is in much better shape than one might have thought when we had the prolonged period of lockdown. We have a growing economy—this year it will be the fastest growing of many in the G7—a budget that is moving towards balance and falling national debt. There are challenges with the cost of living and inflation, but the Government have so far put in £22 billion of support, they are monitoring the situation and I am sure that, as things unfold, there will be further support as and when needed. One could never argue that the Government have not given support to the British people over the past two or three years. We must wait and see how things unfold on energy. Gas prices have fallen in recent months. Let us all hope that that continues and that inflation is lower than some predict. That is not to say that there are not challenges out there, but I think that the Government have proven that they can rise to challenges Some of the measures in the Queen’s Speech are useful to help and support the growing economy, in particular those to deregulate some of the EU regulations that we put into British law when we left the EU. Logically, we need to review them now to see if we can get ourselves a more efficient, more competitive economy. So I welcome the Bills that are looking at that area Of course, energy is a major challenge. It is my great pleasure to commend the Minister for Energy, Clean Growth and Climate Change, my right hon. Friend the Member for Chelsea and Fulham (Greg Hands), who is doing an excellent job with his energy brief. The Government are grappling with issues such as nuclear power, oil and gas, and renewables to increase our capacity. That is to be commended. Indeed, it is sensible, even if we are heading for net zero at some point in the future, that we use the resources that God has given us and which the British economy has proved able to get out of the ground. We are going to need oil and gas for a long time and the Government are proving that they want to make use of those resources to make us a richer and more competitive country Nuclear power is very important. We can see the mistake the Germans made in announcing the closure of their nuclear power stations and their dependency on Russian gas. We need to replace many of the Magnox stations that are going to go offline. This is an exciting time. I hope we get a decision on Sizewell soon. I am particularly pleased that Rolls-Royce has, with its partners, come up with a scheme for smaller nuclear power stations. I think that is going to be a game changer for the United Kingdom and it could be a game changer for exports to many countries that wish to avail themselves of safe nuclear power, so I think that is good There is one area, agriculture, that I am still a bit concerned about. I still think we seem to spend a little too much time talking about trimming hedges and less about producing food. One thing the pandemic and the current world shortages have proven is that resilience and local production are important. I would be very disappointed if the food we were producing reduced to below 50%. If anything, we ought to be producing more. I therefore think there needs to be a rethink in this area I am not a great fan of Bank of England independence. I have always been a little sceptical about it.