Business of the House

Part of the debate – in the House of Commons at 5:41 pm on 30th December 2020.

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Photo of Jacob Rees-Mogg Jacob Rees-Mogg Lord President of the Council and Leader of the House of Commons 5:41 pm, 30th December 2020

My right hon. Friend is absolutely right that we have this authority. VAT rates will not be set by the European Court of Justice or by any European body; they will be set by this House. We have taken back control. As the Prime Minister himself has said, it provides us with the freedom to manoeuvre and govern our own affairs once again. The restoration of parliamentary sovereignty will be the engine of our future prosperity. It will drive our ambitious legislation for the future, the use of new and exciting technologies, regulatory freedom and independence and, of course, the levelling-up agenda. Above all else, Members such as my right hon. Friend will know who is responsible for decisions. Decisions will be made by and through this House.

May I confess to one fear, however? My right hon. Friend is such an effective campaigner that by the time he has set his sights on VAT, fuel duty and heaven knows what else, I am not sure that Her Majesty’s Government will have any revenue left.