Ms Nusrat Ghani

Ms Nusrat Ghani

Conservative — Sussex Weald

Speaking in the House of Commons on 10 December 2024

Debate

Finance Bill

Contribution

With this it will be convenient to consider the following: Clauses 16 to 18 stand part. Schedule 3. New clause 2—Report on fiscal effects: relief for investment expenditure— “The Chancellor of the Exchequer must, within six months of the passing of this Act, lay before Parliament a report setting out the impact of the measures contained in clause 16 of this Act on tax revenue.” This new clause would require the Government to produce a report setting out the fiscal impact of the Bill’s changes to the Energy Profits Levy investment expenditure relief. New clause 3—Changes to energy (oil and gas) profits levy: review— “The Chancellor of the Exchequer must, within three months of this Act coming into force, publish a review of the expected impact of the measures in sections 15 to 18 on— (a) employment in the UK oil and gas industry; (b) capital expenditure in the UK oil and gas industry; (c) UK oil and gas production; (d) UK oil and gas demand; and (e) the Scottish economy and economic growth in Scotland.”

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