Boris Johnson’s legislative programme outlined in the Queen’s Speech has been passed by MPs – despite some suggesting it should have contained more measures to help the poorest households amid the cost of living crisis.
The speech, which was read least week by the Prince of Wales, was passed by MPs in the Commons by 312 votes to 229, a majority of 83 votes.
MPs earlier voted down a Labour amendment calling for an emergency budget to “tackle the cost of living crisis” by the same number of votes.
The Queen missed the state opening of Parliament for the first time in almost 60 years as she continued to experience “episodic mobility problems”.
On Tuesday, Labour called on Chancellor Rishi Sunak to introduce a one-off windfall tax on oil and gas producers in an attempt to cut household energy bills
Sir Keir Starmer’s party forced a vote on an amendment which expressed regret that the policy was not included in the Queen’s Speech, but it was defeated by 310 votes to 248, a majority of 62 votes.
The chancellor told MPs he does not believe that windfall taxes are the solution to every problem, but added that if oil and gas giants do not invest their profits back into “growth, job and energy security” then the policy could be introduced.
During a debate on the possible introduction of a windfall tax, both Conservative former minister Robert Halfon and Tory chairman of the influential treasury select committee Mel Stride indicated their support for the policy.
Mr Halfon referred to oil company bosses as “the new oligarchs” with their “multi-million pound salaries” and “multi-million pound bonuses”.
“I would urge him [Mr Sunak] to consider both a windfall tax on the oil companies – which we can then use to cut taxes for the lower paid or cut energy bills – and also to introduce a pump watch monitor to make sure there is fair competition and consumers get a fair deal at the pumps,” he told the Commons.
Mr Stride added that he would also support a windfall tax as it is a “sensible measure” in the current economic climate.
“I do think the arguments that he (Ed Miliband) has put forward are generally sensible, and I’m very pleased in turn that my right honourable friend the chancellor has indicated that the door is at least partially open, albeit caveated on the investment performance of the companies concerned,” Mr Stride said.
Meanwhile, during the final day of debate on Wednesday, senior Conservative backbencher Sir Bernard Jenkin called on the government to bring forward a £13.5bn ‘summer package’ of support.
“We must all recognise the cost of living crisis – yes crisis,” he told MPs.
“A summer package to rescue the most vulnerable households is needed to avoid real financial distress and personal anguish and to support economic demand of the most vulnerable households, or we are creating possibly a worse recession than is already expected.”
Sir Bernard added: “Like after the unforeseen COVID crisis, the Treasury must adapt to this unexpected war in Europe and accept this new global energy and economic crisis also requires a very substantial policy response.”
He also suggested the £20 uplift in Universal Credit “should immediately be restored”.
