Speeches by Blake.

“We have had a bit of a discussion about energy prices and their role in inflation. It has been established today that volatility in energy prices is now certain, and it seems to me that it is, essentially, baked in. What, if anything, can MPC decisions do to tackle energy prices?”

“Yes.”

“I am really pleased to hear you say that, because that leads on to my next question, which is about the point at which government investment in renewable energy might start flowing into energy prices. Clearly, the Government’s intention is to invest in renewables in order to stabilise our energy costs and to secure us …”

“That is exactly my question.”

“I congratulate the Government on announcing the greatest level of financial sanctions last week. Does the Chancellor agree that keeping dirty money out of the City of London and homes and communities across our country is vital for our national security, as well as our economic stability?”

“There are alternative uses of what you present as comparatively tiny. That is the function that we are trying to drill into.”

“You would be proposing to double the cap.”

“Mr Lewis, you said that this product had been successful for first-time buyers. Has it been any more or less successful than any other comparable products?”

“My view is that there is an overall value for money for the taxpayer on the overall price cap. My view is that there are trade-offs to be made around where you would allocate public subsidy into this form of incentivising home ownership.”

“There will be people in my constituency who are not able to buy their first home within, it is important to say, communities that are just minutes away from here. How could you make the case for value for money with such a significant median house price?”

“My view is that there is an overall value for money for the taxpayer on the overall price cap. My view is that there are trade-offs to be made around where you would allocate public subsidy into this form of incentivising home ownership.”

“You would be proposing to double the cap.”

“Mr Lewis, you said that this product had been successful for first-time buyers. Has it been any more or less successful than any other comparable products?”

“You are all united in thinking that the price cap has to go up. Ms Harrison, you talked about the barrier in London, in particular, to people being able to purchase a home. There is also the value-for-money argument for the Government, in terms of thinking about the scale of investment that they should make in particul…”

“How are you measuring significance? It is a lot of people but 6% is not that large a share of the market.”

“On one side of the panel, there is real support for the product. Our estimate is that this is only about 6% of all ISAs. I am interested that you have such a strong conviction about its success rates and performance if it is such a small proportion. We estimate that about 13% of overall ISAs are, I would argue, failing…”

“Outside London and the south-east.”

“You are all united in thinking that the price cap has to go up. Ms Harrison, you talked about the barrier in London, in particular, to people being able to purchase a home. There is also the value-for-money argument for the Government, in terms of thinking about the scale of investment that they should make in particul…”

“How are you measuring significance? It is a lot of people but 6% is not that large a share of the market.”

“On one side of the panel, there is real support for the product. Our estimate is that this is only about 6% of all ISAs. I am interested that you have such a strong conviction about its success rates and performance if it is such a small proportion. We estimate that about 13% of overall ISAs are, I would argue, failing…”