Richard Fuller
MP for North Bedfordshire · Conservative · United Kingdom
“I thank the Minister for his clear exposition of the Bill’s clauses. He emphasised the importance of the 2026 royal trustees’ review. The interesting thing is that it is their forecast of their needs over the next five years on which a lot of the mechanism rests.”
“I thank the Minister’s colleague the Exchequer Secretary, because on the 11th of this month, he wrote in reply to questions from my colleague, answering questions about some of the points that we may get into in detailed consideration of the Bill.”
“In his letter, the Minister said: “The Household forecasts that this income will increase by around 25% over the review period, based on recent performance, detailed modelling and increased visitor capacity… If income were lower than forecast, there is no expectation that the Grant would increase above £99.9 million per year.” Can the Min…”
“I thank the Minister for his speech. This follows a recent debate on ways and means that his colleague the Exchequer Secretary had with my hon. Friend the Member for North West Norfolk (James Wild). I do not wish to repeat the points that were made on that occasion. His Majesty’s official Opposition are supportive of this Bill.”
“Friend the Member for North West Norfolk (James Wild) asked about powers to adjust the grant between reviews and the circumstances in which they might be used, the answer from the Treasury was: “These powers are intended for exceptional circumstances and are not expected to be used routinely”, which, of course, is the definition of except…”
“Will the Minister explain how those financial assessments were made? What discount rate was used to work out what the estimates might be? I am not questioning it, and I do not need a precise figure; what I am looking for is some comfort from the Minister that he feels that those financial projections, that model and the work of the truste…”
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“The British Geological Survey continues to monitor for gas in both the air and soil in and around the 100-metre cordoned-off area. Recent measurements have been consistently at negligible levels, but monitoring continues to take account of various climatic features—”
“Which agency was responsible for signing off the mitigation of venting gas? Who, if anyone, was responsible for the venting of gas for the period between 2 July and 19 October? Did the responsible entity have the requisite expertise to take on those responsibilities? What procedures were put in place to ensure that the venting of gas in a residential neighbourhood remained safe? Were the correct responses made when residents provided concerns about the venting of gas? Which regulations guided the response by agencies from 2 July, and were they sufficient? My residents hope that the various investigations will be able to provide answers to those questions and the many others that they have raised. I turn to the current situation.”
“I pass my condolences to the families of Paul Swales and Julia Harris. There are currently a series of investigations, including by the police and the Crown Prosecution Service, regarding the period between the encountering of gas on Tuesday 2 July and the gas explosion on Saturday 19 October. Hence, the focus of this debate is on the circumstances and regulations preceding the earlier date and subsequent to the latter date. However, there are some open questions on the minds of my residents regarding the period under investigation, and I believe that they are worth putting on the record in this debate, although I appreciate the Minister will not wish to comment at this stage. Which agency was in charge of making my residents safe after the discovery of gas on 2 July?”
“The blast happened close to where gas from the underground reservoir had been venting. By the time of the explosion, gas had been venting from the shallow reservoir for 109 days. Approximately 50 households were evacuated from their homes on Saturday 19 October, and for nearly five weeks now my constituents have been living with relatives, friends or, in the majority of cases, in temporary accommodation provided by Bedford borough council. I take this opportunity to commend my constituents for their resilience to the disruption caused to their daily lives, and to the anxiety that has been caused and which continues to be felt by many. I also commend the community and spiritual support offered by St Mark’s church in Brickhill, which has provided facilities, fellowship, food and a focus for residents over these five weeks.”
“I am very grateful to have secured this debate on the impact of the Cleat Hill pump incident on residents, and I welcome the Minister to her place. As she knows, I have a number of questions, some of which she will be able to answer, and a number of which will be for other Departments—although I am sure that she will be able to pass those on to the relevant Minister. On Tuesday 2 July, during drilling for the installation of a ground source heat pump in a residential neighbourhood back garden on Cleat Hill in my constituency, a reservoir of gas was encountered at a shallow depth of approximately 100 metres. Subsequently, certain discussions, recommendations and actions were made by various parties in response. On Saturday 19 October, an explosion at the property resulted in the death of two people: Paul Swales and Julia Harris.”
“To remind the Minister, the incidence of breaking a seal on a shallow gas reservoir is historically extremely rare. It is not exactly comparable, but the drilling in 2007 of boreholes for geothermal energy in Staufen in Germany created significant problems a decade later. In that case, water was released, not gas, but I believe the incident reinforces the need to gather a comprehensive understanding of the situation at Cleat Hill. So will the Minister instruct officials in her Department to liaise with Bedford borough council to assess the proposals to conduct a full survey of the scale and scope of the gas reservoir at Cleat Hill, and see whether the cost of that survey can be borne centrally?”
“These are all very important questions to be answered. There is an emerging plan for the gas monitors and alarms to be available to local residents and connected to a 24/7 response centre. This longer-term monitoring plan is designed to provide an early alert to residents should there be any future change in detected methane levels. However, can the Minister advise us of which agency would be responsible for the ongoing monitoring if such a long-term plan were put in place? Can she assure me that the Department will be able to seek expert advice, so that the correct plan is put in place for both the regularity and duration of testing, including of the stability of the closed borehole and of the rock layer containing the gas reservoir?”
“Now they face a return to their homes in very different circumstances, with many more questions, much greater anxiety and much less trust in taking people at their word. Currently, the size and scope of the gas reservoir at Cleat Hill is not known. An assessment is being made of the costs of a project to provide this information, but it is likely to be beyond the budget of the local authority. The central issue remains the lack of a comprehensive understanding of the status of the gas reservoir. How significant is it? What is its geographical scope? Did the period of venting create fissures in the layer of rock that had kept the gas from seeping into the soil? Did the 109-day period of venting release such a proportion of gas as to make the rock layer susceptible to collapse from the downward pressure of the 100 metres of soil above?”
“These will continue to be assessed by insurers on a commercial and competitive basis.” On house values, I am grateful for the response to my question from the Minister’s colleague, which states: “On your question about the effect on property values, it is possible that there could be some diminution of property values, however our expectation is that property values will return relatively quickly to comparable local levels.” I am grateful to be able to put those points from the ABI and the Minister’s colleague on the record. I will close by commenting on the importance of gaining a comprehensive understanding. In July, my residents were alerted to the release of gas, but were content to return to their homes because they believed the situation was under control.”
“The ABI cannot comment on individual pricing or commercial decisions by its members, but added: “That said, we have raised the concern with our members, and we are not currently aware of any general issues relating to Cleat Hill that would change the general underwriting approach applied to the area. It will be a commercial decision for individual insurers and a range of criteria unrelated to the incident may impact on an individual household’s future risk.”
“I wrote to the Association of British Insurers, which advised me that although those provisions remain in place, “insurers will take a case by case approach and look to respond sympathetically where customers are likely to remain out of their homes beyond the limits provided for in the policy due to the evacuation.” The second question is about the impact that the discovery of this shallow gas reservoir and the explosion may have on my residents’ future ability to obtain home insurance, and on the premiums attached to such policies. Again, I put those questions to the Association of British Insurers, and I am grateful for its response.”
“As you might imagine, Madam Deputy Speaker, my residents who have been out of their homes for five weeks have some practical questions about insurance and the impact on house values. I would like to put those on the record, although I appreciate that there is limited scope for consideration of official support by the Minister. The first question is about the variation between insurers regarding the number of days that a policy holder can be absent from their home. For some insurers, that number is 30 days; for others, it is 60 days.”
“As a precautionary measure, we have instructed members to go above and beyond present regulations and guidance and to follow the procedures given in the Borehole Sites and Operations Regulations which apply to Coal Authority Areas when drilling boreholes for ground source heat pump ground loops at all sites.” In light of this, will the Minister ask the relevant Department to review the geographic scope of the Borehole Sites and Operations Regulations 1995 and decide whether they should be extended to cover a broader part of the United Kingdom? More generally, will she ask the relevant Minister to engage with the Ground Source Heat Pump Association to review and, where necessary, update the regulations and official guidance on the installation of ground source heat pumps?”
“We must remember that boreholes are drilled for a variety of reasons, not just for heat pumps, and that the incident at Cleat Hill was about the drilling of boreholes, not the heat pump specifically. However, the Ground Source Heat Pump Association, which is not party to the investigation, wrote to me to say: “While this is the first incident of its kind in the UK, and is extremely unlikely to be repeated, we do not feel it would be appropriate to simply wait until the formal investigation has concluded.” It went on to say: “On that basis, the GSHPA has communicated with all its members advising them to procure gas monitoring equipment, if they do not already possess it.”
“Will the Minister review whether the drilling of a 100-metre hole in a residential area should continue to be classified as permitted development, or whether there should be a permitting or notification requirement? The Cleat Hill incident also raises some questions about the regulation of the installation of heat pumps more generally. More than 30,000 ground source heat pumps have been installed in the United Kingdom, and this is the first known incident in which a gas reservoir has been tapped during the drilling for a ground source heat pump. However, the UK currently plans to roll out many more heat pumps—a large proportion of which will be ground source heat pumps—in its effort to achieve net zero.”
“I also understand that Ministers are empowered by section 155 of the Local Government and Housing Act 1989 to decide whether to activate a scheme after considering the circumstances of each individual case. There is discretion here. Should the council make a formal application, will the Minister ask the Secretary of State to use the powers granted to her under section 155 to approve the application by Bedford borough council? The incident at Cleat Hill should also stimulate a review of regulations to see whether they are sufficient or should be updated. It may surprise hon. Members, as it did my constituents, that it is permissible to drill a hole 100 metres deep in a back garden without any permit or notification required. Such boreholes are considered permitted development.”
“Over this period, Bedford borough council has incurred considerable additional costs and diverted many officers and staff to manage the needs of residents. The exceptional demands for expenditure and human resources came shortly after one of the most significant incidences of flooding in the area; in fact, the Met Office reported that Bedfordshire had its wettest September since records began in 1836. Much of that rain came in the very last part of the month and caused significant flooding. As the Minister is well aware, there is a scheme—the Bellwin scheme—that can be used to support local authorities with covering those exceptional costs. I know that the Department has been in discussions with Bedford borough council and is waiting to hear whether a formal application will be made.”
“I have spoken to residents, and a major assistance in building that confidence would be an accountable, authoritative voice to underwrite the assertion that it is safe to return. However, it seems that none of the agencies have the combination of expertise and authority to make such a call. In the absence of that, the default may be that the risks of returning will be transferred from a responsible body to each resident, with potential implications for future insurance and other liabilities, which clearly should not happen. What steps can the Minister take to end this Mexican stand-off regarding advice on a safe return for residents to their property? Will she urgently investigate in what form a responsible agency or authority could provide the underwritten reassurance that it is safe for residents to return?”
“That may strike some people as odd, but it is the normal Commons procedure. There will be a further meeting tonight hosted by Bedford borough council. I record my thanks for the leadership shown by Laura Church, the chief executive of the council, and my thanks to Craig Austin and the other staff of the council for their considerable efforts on behalf of residents. The meetings are helpful in addressing immediate concerns, but I will raise some other issues. First, there is the return of residents to their homes. As might be anticipated, there are differences between residents regarding their confidence in returning to their homes. Many are eager to do so, but many residents have considerable anxiety about a return, with concerns for their safety and that of their children or loved ones.”
“Can the Minister confirm whether it is still Labour policy to increase defence expenditure to 2.5% of GDP, when that might be reached and whether the commitments contained in this Bill will be included in such estimates? The principles underlying the Bill are sound. Our commitment to the defence of Ukraine is reinforced. Our prayers are with the people of Ukraine and the cause of peace and freedom. We support the Bill.”
“In the event of a peace settlement, subsequent to disbursements being made, point 12 of the annexe to the ERA loan initiative says that “the outstanding balances that cannot be covered by extraordinary profits shall be repaid by Ukraine to each lender.” Can the Minister advise whether that is the case? In such circumstances, what priority will the repayment of these loans have compared with other loans made to Ukraine? Finally, I want to ask about the Government’s overall defence expenditure. The Government’s Budget committed to setting out a pathway to increase defence spending to 2.5% of GDP at a future fiscal event. Since then, however, Labour Ministers have been unable to confirm whether it remains Labour’s ambition to meet that target by 2030.”
“This will happen as the extraordinary profits accrue, on a 6-monthly basis…in three tranches”. I have three similar questions on this issue. Has there been any modelling of the future flows of anticipated income from seized Russian assets that will be used to repay the loans? Has the Treasury made an assessment of the expected period for their repayment? Can the Minister provide the House with a forecast or estimate for the anticipated revenues available for repayment in each of the tranches? Fourthly, I want to ask about contingencies. There are five participants in the loan agreement: the UK, the USA, Canada, Japan and the EU. Can the Minister advise whether the terms of the agreement will still stand if one or more of the participants do not ratify it?”
“Do the commitments made by each G7 country relate to the amount of Russian assets seized or held by a jurisdiction, or are they done on some other basis? If so, what is the basis for those allocations? Can the Minister give some indication of the allocation of seized sovereign assets by type? As they are sovereign assets, I assume that many will be in the form of cash holdings, but there may be properties and other assets. It would be helpful for the House to have some understanding of the allocation of these assets by type. Thirdly, I want to ask about the use of anticipated income streams from Russian assets to repay the loans. The Bill’s explanatory notes claim: “The extraordinary profits on the immobilised Russian sovereign assets will then be divided between the G7 lenders in proportion to their contributions.”
“What discussions has the Minister had with the Secretary of State for Defence about the timings and scale of distributions? Secondly, I want to ask about the asset base. Can the Minister update the House on the total value of Russian assets seized by the G7, and on the total assets seized by UK jurisdictions? The last estimates we had were in March 2023, when the total was £48 billion, of which £18 billion was seized by UK jurisdictions. As the extraordinary revenue acceleration loan refers only to sovereign assets, will the Minister tell us what consideration was given to the inclusion of income streams from other seized Russian assets, and why it was determined that they should not be included?”
“Each loan will be in the form of a bilateral loan, but will be based on common principles to ensure consistency and co-ordination between each loan. We support the Bill and will support the Government if any other party seeks to divide this House, but I would be grateful if the Chief Secretary or the Minister could provide further clarification on several questions. The first is about disbursements to Ukraine under the extraordinary revenue acceleration loan. Point 5 in the annexe to the G7 statement says: “Loans will be fully disbursed to the benefit of Ukraine between 1 December 2024 and 31 December 2027.” The whole House will be aware of the current heightened levels of military activity and the urgent demands from Ukraine for assistance, including UK Storm Shadow missiles.”
“Friend the Member for Richmond and Northallerton (Rishi Sunak) hosted the Ukraine recovery conference last year, raising over $60 billion for Ukraine’s recovery and reconstruction. This Bill takes a further step forward in our commitments to Ukraine, and does so alongside our allies. It fulfils the United Kingdom’s part of June’s G7 mandate—confirmed by G7 finance Ministers in Washington last month—to disburse for the benefit of Ukraine approximately $50 billion from the extraordinary revenue acceleration loan, or ERA, as the Chief Secretary termed it. The United Kingdom’s share is £2.26 billion, and this is earmarked as budgetary support for Ukraine’s military spending. I understand that it will be in addition to the UK’s existing annual commitment of £3 billion of military aid.”
“We were often the first mover on vital lethal aid, from Storm Shadow missiles to Challenger and main battle tanks. We imposed the largest and most severe set of sanctions that Russia had ever seen, to cripple Putin’s war machine. We sanctioned around 2,000 individuals, companies and groups, and this economic pressure restricts Russia’s ability to prosecute its illegal invasion. More broadly, we built up a formidable sanctions regime during our time in office and brought in a major new sanctions strategy to deter and disrupt malign behaviour, and it is pleasing that the current Government are continuing those efforts. On behalf of the United Kingdom, my right hon.”
“It is an important signal of the continuing commitment of the United Kingdom to the people of Ukraine, the defence of Europe and the achievement of peace through strength. We join the tributes to the people of Ukraine—the men and women who have had to leave behind their peaceful endeavours in order to stand shoulder to shoulder to defend their land and liberties. Today we are talking about financial contributions, but we should never forget that the greatest sacrifice is being made each and every day by members of the Ukraine military and civilians, upon whom Putin’s rockets rain down destruction each and every day. Under the strong leadership of former Prime Minister Boris Johnson, the United Kingdom led the world in defending Ukraine, and since 2022 we have pledged more than £12 billion in overall support.”
“Before I turn to the Bill, I just say that the Chief Secretary, in an earlier debate, kindly welcomed me to my new role, and I would like to reciprocate that welcome today. He and I have worked together as members of the Business and Trade Committee, which he chaired and of which I believe you were also a member, Madam Deputy Speaker. We had a shared desire to use Parliament to hold to account fearlessly, factually and, when needed, ferociously those who hold authority and power over our constituents. He now finds himself in such a position of authority and power, and I will hold him to account fearlessly, factually and, when needed, ferociously. However, today is not a day for ferocity. We welcome this Bill.”
“Such a move would be a very large step for the UK to take, and I do not think the official Opposition would support that without very strong convincing from the Government. But on all the other aspects, she will have seen the comprehensive support.”
“I will respond briefly to the debate for the Opposition. First, I commend all the speakers, and particularly the hon. Member for Amber Valley (Linsey Farnsworth). It is rare for so many in this House to congratulate a Member on their maiden speech, but it was warranted because she spoke so nicely and kindly about her constituency, as well as with great generosity about her predecessor and very movingly about her father. She should take away the great support from all Members across the House, and we wish her the best of luck in her future here. The Minister will be aware, having listened to the debate, of the comprehensive support for the Bill. She will have heard calls from some quarters to extend the provisions of the Bill to include seizing not only proceeds from the profits, but the assets.”
“I think I can assure the hon. Gentleman that the Treasury looks at these options on a continuing basis, but, consistently, the point of view held by the previous Government—and I would assume by the current Government—is that that is not the right step to take. But perhaps the Minister will update the House on her views on that in a moment. Given the support, there was the opportunity for the Government to move forward with all stages of the Bill, so that it could proceed and be completed in this House today. Will the Minister say why that decision was not made and perhaps provide some sense of the timetable for when the Bill will be brought to the House for its concluding stages? But the Opposition’s general message is that we fully support the intentions of the Bill, and we will support it on Second Reading.”
“I am advised that this is the first such instance of gas being encountered, but given that ground source heat pumps are expected to play a significant role in decarbonising home heating, will the Minister undertake to review the regulations covering the installation of ground source heat pumps, and will she arrange a meeting for me with the relevant Minister to discuss these matters further?”
“Thank you, Mr Speaker, for permitting me to raise this important constituency matter from the Back Benches. On 2 July this year, during the installation of a ground source heat pump in a constituent’s back garden, a gas field was struck and gas was released. On 19 October there was an explosion, which resulted in the deaths of two of my constituents and the continuing evacuation of 50 households. Matters related to the period between 2 July and 19 October are subject to investigation.”
“This Budget of broken promises sends a series of clear messages: don’t start your own business, because Labour will tax you; don’t have a plan to hire new employees because Labour will tax you; don’t take a risk and expect to keep a reward, because Labour will tax you; don’t invest in the education of your children, because Labour will tax you; and don’t, whatever you do, farm your land to grow British food, because Labour will grind you into that very same ground, and tax you too. Finally, I say to the Minister that the trust that has been broken in this Budget will not be recovered. People will never forget what happens when Labour is given its chance. They will never forget the harm done when Labour makes its choices, and they will never forget that Labour’s first Budget was a Budget of broken promises.”
“The truth is that the Labour Party does not understand even the basics of farming. Reducing the relief and imposing inheritance tax on farmland will devastate family farms and pose a serious risk to domestic food security and food prices. Throughout the debate, Labour MPs have sneeringly referred to those farmers as “millionaires”, but many family farmers are not rich. They eke out a modest and— [ Interruption. ] Labour Members should have been here for the debate. Many family farms eke out a modest and highly uncertain income, year after year. That is why we ask taxpayers each year to subsidise British farmers so they can continue growing food for Britain. The family farm tax is not just taxing farmers; it is taxing Britain’s farmland, the very land we need to grow the food we eat.”
“The Office for Budget Responsibility said that the jobs tax would be passed on by “most” firms to their employees through reduced wages; the Resolution Foundation said it will have the biggest proportional impact on low-paid workers; and the Federation of Small Businesses said it will cause “many SMEs” to “struggle”. That is the truth, and a far cry from the warm words the Labour Chancellor offered businesses during the election campaign. When the Prime Minister, in February this year, looked farmers in the eye and said that they “deserved better”, was he already hatching Labour’s family farm tax? The NFU has said: “The shameless breaking of those promises on Agricultural Property Relief will snatch away much of the next generation’s ability to carry on producing British food”.”
“Sadly, this Labour Government do not understand that there will never be a sustainable public sector without a thriving private sector. The private sector in this country is a delicate fabric of small and medium-sized businesses. Many have been just scraping by for years, but each is spurred on by the endeavour that is the spirit of free enterprise. Running a small business—Labour Members may want to take a note—is not easy. Our constituents run some 5.4 million small and medium-sized enterprises across the UK, so when the Minister responds, will she explain to those people, in my constituency and across the country, what they are to do in the face of Labour’s jobs tax—the massive increase in employer national insurance contributions?”
“Our choices are to help the small business owner, to help the aspiring entrepreneur, to help those thinking of using their talents to help build Britain, to help the farmers whose parents and grandparents have toiled in our fields, to help the children who will be turfed out of their schools in the middle of the year—some having no school place to go to—and to protect the workers of Britain who believed what Labour said at the election and who now know they were conned. That is why we will vote against Budget resolutions this evening. Two groups of people have been clobbered drastically by this Budget, groups who are the cornerstone of our economy. As we have heard throughout these debates, the Labour Government’s decision to increase employers’ national insurance contributions is not only a manifesto breach but a barrier to growth.”
“Colleagues have spoken on behalf of Britain’s farming families, on behalf of our country’s small businesses, on behalf of parents with children in education, on behalf of GP surgeries and hospices, and, above all, on behalf of the working people they represent, who have been targeted by this Budget. This is a Budget of choices, and the choices are Labour’s, and theirs alone—their choice to increase taxes, their choice to increase debt, their choice to change the fiscal rules, and their choice to rip up election promise after election promise. Just as the Labour Government have made their choices, today we must start to make our own choices.”
“We end this Budget debate where we began: with the deceit that the Labour party showed to the British public about its intention to launch one of the biggest tax grabs in our history. At the election, Labour Front Benchers toured the country, staging photo ops, snapping cheeky selfies and soliciting reassuring quotes from businesses, farmers and senior citizens, saying to each in turn that they could trust Labour and that a Labour Government would have their back. This Budget of broken promises shows that they have all been conned. My Conservative colleagues have laid bare, always clearly and frequently with strong feeling, the consequences of the political choices this Labour Government have made with this Budget.”
“I thank the 67 Back-Bench Members who have spoken in this debate, and I commiserate with the two Labour Members who did not get in. I am sure that they will have their opportunity in future. I congratulate the four Members who gave their maiden speech: the hon. Members for North Ayrshire and Arran (Irene Campbell), for Stoke-on-Trent North (David Williams), for Ely and East Cambridgeshire (Charlotte Cane) and for Sherwood Forest (Michelle Welsh). Many in this House will remember their maiden speech and will know how anxious those four Members were before they stood up to speak, and how relieved they were when they reached the end and could sit down. That feeling does not go away.”
“I congratulate my hon. Friend on securing this debate, which is important for residents of Bedfordshire. He talks about not having rivers in his constituency, but in North Bedfordshire we are blessed with two. Although this flooding was an extreme event, flooding issues have been persistent in places such as Harrold, Clapham and Great Barford, and, most recently and quite devastatingly, in Tempsford and Wyboston in my constituency. Does he welcome the initiative taken up by the Mayor of Bedford, Tom Wootton, to get a comprehensive approach from all the different agencies that can help residents with their flood response, and does he agree that that is a model for assessing flood risk in Bedfordshire?”
“My hon. Friend is speaking eloquently about the impact on children’s education, on children with special educational needs and on children being ripped out of their schools, perhaps in the year of their GCSEs or A-levels. This is obviously a debate about education. There are Members of Parliament in the Chamber from the Conservative party and the Liberal Democrats, as well as independent MPs and Members from Reform—”
“It is not always about the hon. Member for Strangford (Jim Shannon). The Labour party has marshalled all but two of their MPs, one of whom hates the policy—I do not know what the other thinks. Does my hon. Friend the Member for Bromsgrove (Bradley Thomas) think that it is shocking that not a single member of the Education ministerial team of the Labour Government has bothered to show up today, yet they continue to use the airwaves to spew out spiteful and divisive messages about this Labour policy? The Minister present, the hon. Member for Ealing North (James Murray), does not care about education; he cares about money—he is a Treasury Minister. He knows that the policy will not raise any money, but it is going to cost taxpayers.”
“Friend has said, doctors cannot learn everything during their training, so maybe technology can provide them with some assistance.”
“I thank my hon. Friend for giving voice in Parliament to those suffering from this disease. We have heard from a number of fellow MPs about their constituents. A constituent has contacted me to say that she, her mother and her children all suffer from this condition. She is so grateful that Parliament is finally taking some notice of it, and a daughter of a very close friend of mine is also affected. The fact that this condition is not diagnosed early leaves parents scared—petrified about what is happening to their loved one and not knowing what the answer is. Does my hon. Friend agree, and perhaps the Minister will also talk about this, that progress in analysing health service data about certain conditions—so-called big data and AI—could play a role in assisting doctors? As my hon.”
“Will the Minister look at the longer-range forecasts that the Office for Budget Responsibility has put out, and see what flexibility they provide for the Government to cut taxes or increase expenditure?”
“The Minister was right to update the House on the positive progress that we are making with inflation; right to make the point that people are continuing to find economic difficulties, and that we need to stick with the Prime Minister’s plan; right to point out the terrible risks to the economy posed by the Labour party’s polices on labour markets and taxes; and right to say that there have been external factors, and that policies to tackle one-off external factors are different from one’s policies looking forward. This Government have ended the period of quantitative easing, or printing money, and moved to quantitative tightening, or paying back money. The IMF’s report says that, by 2025, the balance sheet for the Bank of England should be settled.”
“I fully support what the Minister proposes, but I have a maths question for her. I know that she did not prepare the impact assessment herself, but she probably reviewed it. It states: “We have discounted benefits to patient health and the NHS at 1.5% per annum and all other benefits at 3.5% per annum.” Of course, that lower discount rate has the effect of making the later benefits look better—they are not discounted to a lower level now, so we can spend more money for the same amount of benefits later on. Is the Minister comfortable with those discount rates? Given where interest rates are now, will she put some questions to the people who made the impact assessment about why those particular discount rates were used?”