Part of Treasury – in the House of Commons am ar 7 Mai 2024.
Most definitely not!
It has just been said that there is a real cost of living challenge, and that is absolutely correct. A key part of that relates to the war in Ukraine, which poses real challenges for energy supplies to the United Kingdom. As a former Minister who applied sanctions to Russia and looked at the oil price cap, I know that we need to ensure that what happens in Ukraine is offset by actions that hold Russia to account and address the cost of living. The US has seized Russian assets to pay for the reconstruction of Ukraine; the UK should do the same. That would help ease the burden on the UK economy and the taxpayer.