Economy

Baroness Buscombe Excerpts

Monday 28th September 2020 Lords Chamber

[Baroness Buscombe (Con)]

My Lords, I congratulate the Chancellor on his Statement, which injects an important degree of realism into all this. I pay tribute to my noble friend the Minister who, I know, with his considerable expertise and experience, is an invaluable person at the Treasury.

The Chancellor talked about living without fear. Many of us do not fear Covid. What we fear is how on earth we are going to pay for it. The Chancellor referred to collective responsibility, costs paid by all of us and truths, so I shall suggest to my noble friend just two of a number of changes that are needed to demonstrate collective responsibility and truth before we have to pay, as we will, more tax. I am not expecting answers today. Will the Treasury lean on the Department for Work and Pensions to use mechanisms already in place with the banks to tackle tax evasion and to expose benefit claimants who do not declare their true assets, because we have to be sure to target welfare where it is needed? Secondly, will the Chancellor once and for all deal with and end the crazy truth that the United Kingdom is a tax haven for people living here who were born beyond our shores? There has to be equality and fairness for all in the tax system.

[Lord Agnew of Oulton (Con)]

I thank my noble friend for her questions. In short, I will write to her on the DWP’s policy on fraud checks for newly registered universal credit claimants. It suspended a number of the checks at the height of the crisis, but I am aware that it is going to reintroduce them. I do not have the date, so I will write to her. On us being a tax haven for dubious people, I share her concern. It perhaps takes a crisis such as the Covid crisis to focus minds, and I hope very much that we will taking much more assertive action.