Commons Sense

House of Commons · Ministers' Questions

International Investment Summit

Thursday 31 October 2024 · 2 questions

Summarised by AI from the official record, so it can contain mistakes.

Read the full transcript on Parliament.uk

At a glance

Answered 0 Partly answered 1 Not answered 0

Key points

  • The international investment summit held on 14 October secured 63 billion in investment.
  • The investment will create high-quality jobs across the country.
  • The Government's measures on clean energy were backed by a Canadian investor committing 1.8 billion in offshore wind.

Topics (select to filter)

Questions & Answers

Q1 Bill Esterson Lab Sefton Central
Business & Trade
Context

The Labour party is questioning the potential impacts of an international investment summit held recently by the government.

Question

What assessment has been made of the potential implications for his Department's policies of the outcomes of the international investment summit?

Answer from Sarah Jones

We held an international investment summit on 14 October, securing £63 billion in investment, which is twice that of the previous Government's summit. The investment will create high-quality jobs across the country and represents a vote of confidence in this new government.

Partly answered

Not addressed: The answer did not provide an analysis or assessment of the potential implications for departmental policies, only highlighting the scale of the investment achieved.

Was this summary accurate? Tell us

How accurate was this summary? (1 = poor, 5 = spot on)

Q2 Bill Esterson Lab Sefton Central
Climate Energy
Context

The Labour party is highlighting the Government's recent commitments in the Budget regarding clean energy, carbon capture, and hydrogen investment.

Question

Does she agree that the measures committed to in yesterday's Budget on clean energy, carbon capture and storage and hydrogen—which were backed up by a commitment from a Canadian investor of another £1.8 billion in offshore wind—show how much this Government are in tune with the business community?

Answer from Sarah Jones

I agree wholeheartedly with my hon. Friend, but I also quote Kwasi Kwarteng in his article: “Conservatives should be honest” and “Reeves is cleaning up our mess”.

Not addressed: The answerer diverted from the question by referencing a former Chancellor's article instead of addressing the measures' alignment with business needs.

Was this summary accurate? Tell us

How accurate was this summary? (1 = poor, 5 = spot on)