We have already heard this morning that businesses are suffering harm from business rates and national insurance contributions going up, but on top of that, according to the Office for National Statistics, the energy bills of non-energy intensive industries such as hospitality and retail have increased under this Government by up to 10% in the last year. The Conservative are proposing our cheap power plan, which would save small businesses up to £5,000 a year on their energy bills. What is the Minister doing to help small businesses with their energy bills?

Is the Minister aware that despite the FTSE 100 reaching above 10,000 points, it is still on lower valuations compared to other global stock exchanges and that over 80% of its earnings come from non-UK sources? Does this not indicate that UK policies are failing?

What research has the Pensions Minister done to understand and quantify the negative effects that this cap on salary sacrifice will have on pension savings?

I also congratulate the hon. Member on her elevation to Economic Secretary to the Treasury; I am sure she will do very well. The UK banking sector provides a valuable service to our economy, keeping money in circulation, funding business and mortgages and all the rest of it. The financial services sector is the UK’s biggest export sector. According to UK Finance, UK banks generate around £45 billion in tax every year, but because of things like the bank levy, UK banks now pay an effective rate of around 46%, which is higher than competitors in New York, Frankfurt, Dublin and Singapore. The Chancellor of the Exchequer has managed to dig her own £30 billion black hole in the economy, but can the Minister reassure the City of London and this House that there are no plans to increase taxes on our banking and wider financial services sector in the upcoming Budget in November?

In her Budget last year, the Chancellor tucked away about £10 billion over the next couple of years from reform to the non-dom tax regime. It is important to remember that the OBR said in its fiscal outlook that that figure was 'highly uncertain', and a high-level survey by Oxford Economics found that fully two thirds of non-doms are considering leaving the country in the next couple years as a direct result of those policies. That implies not an increase of £10 billion but a decrease of £8 billion. The Chancellor has created a fiscal black hole of £18 billion with just one policy alone. In this week of heroic U-turns from the Government Front Bench, will the Minister confirm whether they will be axing this tax? When will it finally be condemned to the history books?

Given that cutting cash ISAs would have a profound effect on mutuals’ ability to raise debt capital, what research has the Government undertaken to establish the extent of damage such a measure might inflict on the residential mortgage market? The loss of cash ISA could affect new home construction plans.

In my new role as chair of the British Shooting Sports Council, I take a keen interest in cadet target rifle shooting. The Ministry of Defence is proposing to withdraw the 7.62 cadet target rifle from service in 2026 and the .22 rifle two years later. This deprives cadets of learning valuable skills of firearms safety and use, and questions the future of target rifle shooting in the UK. Will the Minister meet me and representatives of the shooting and target rifle community to discuss opportunities to reverse this decision?

The City of London has been a leader of innovation in the world of finance and savings for a few hundred years now, and it has been successful because it has always seized opportunities and innovation when presented. In that spirit, we are pleased that the Chancellor in her Mansion House speech embraced the concept of securities tokenisation, but we now find that the catalyst for this innovation in the UK—a pilot for the digital gilt instrument known as DIGIT—has found itself in a two-year black hole. Innovation is not something that can hang around for two years, so will the Minister give assurances that she will do everything she can to deliver DIGIT as soon as possible?

The Chancellor makes reference to the PWC report, but half of the survey in that report was done before the Budget. She has already been asked questions about the fact that the fiscal headroom is only £10 billion and the increase in the cost of borrowing is now going to go through the roof so, at some point, she will have to raise taxes, cut investment or increase debt. Which will it be?

When will the full systems cost analysis be produced, so that we can analyse ambitious plans for carbon-neutral targets and explain to constituents how much it will cost them?