(10 years, 1 month ago)
Commons ChamberLet me publicly assure Mrs Edwards that the wedding was not spurious. I congratulate the hon. Gentleman on both his point and his suit. It is a very nice suit, in black and white.
As I mentioned earlier, the differential rates pose a real problem. There is a presumption that Wales will not lower the higher rate, but a very small number of people in Wales earn more than £150,000 a year. They currently pay 45%, and will pay 50% under a new Labour Government. In theory, if a new Labour Government in Cardiff or Westminster—or any other Government, for that matter—reduced the top rate and a large number of people simply slipped across the border, they would be evading large amounts of tax. Obviously Wales would benefit, because more money would be coming in, but for the overall tax-paying community, the amount would go down, and that is of legitimate concern.
I should like to hear from Ministers what evaluation the Office for Budget Responsibility has made, producing different forecasts with different scenarios. My guess is that it has made none, and that this legislation is being rushed through in the hurried aftermath of what happened in Scotland, so that Wales can be given something comparable to the quick settlement that was made following electoral concerns in Scotland as we move towards a general election. That is not the way in which to establish a new constitutional settlement and a settled financial regime. It is all very well the hon. Member for Carmarthen East and Dinefwr (Jonathan Edwards) saying “You want harmony, we have difference, so it does not matter what happens.” Such changes and differences bring pressures that are not settled, and which will be replicated in the future.
Air passenger duty has been mentioned. Other things being equal, if someone says, “Can I set my own air passenger duty?”, the response might be, “That’s brilliant: we can raise some money.” But what if Boris Johnson in London says, “Hold on, there is a precedent here, I want the money for Heathrow, and I am going to lower air passenger duty”, which is what he has said about stamp duty? We are talking about major shifts in the financial powers across the Union, which will unsettle the Union itself. Obviously we want a devolved settlement that is stable rather than ever-changing, rather than the setting in motion—by means of a quickstep to avoid short-term political advantage—of a system that will unravel into chaos.
I know that there seems to be consensus across the Floor of the House today. It is a case of “Don’t worry; we will have a referendum, and hopefully it will be all right on the night.” What I have just described will probably not happen in Wales, because what prospect is there of our suddenly having five UKIP Assembly Members and a regional list? Oh, there is such a prospect; well there we are. What prospect is there of a newly emerging rainbow alliance—perhaps a very unfortunate rainbow with not a crock of gold but a crock of something much more unpleasant at the bottom of it, which will generate a cynical, unfair tax proposition that will lead us back into the dark ages? That is possible. [Interruption.] Obviously there is agreement, as laughter leads the room.
I am glad to learn that the hon. Gentleman has now joined the Unionists in his heart, but does he accept that once we start to disaggregate the fiscal arrangements for the United Kingdom, real constitutional issues become involved? The danger is that the more fiscal powers are devolved to regional administrations, the looser the Union will become. [Interruption.]
Order. This is ridiculous. The debate is degenerating into some sort of Christmas party. Members are just shouting at each other. This is a proper debate on Lords amendments. Members who have been in the House for a long time know that heckling, or comments from a sedentary position, are not acceptable. Mr Davies, I should be really grateful if you would now focus on the points in the Bill, so that we can hear the rest of your comments, followed by the Secretary of State’s conclusion. I shall do my best to ensure that you are not interrupted, or tempted to answer questions that are not asked formally in the Chamber.
I have listened to the hon. Gentleman’s arguments. Does he accept that in America, shale gas has been not only exploitable, but exploitable at reasonable prices? It has turned the American economy around, to the point where manufacturing that had been outsourced to other parts of the world is now being brought back to America because energy costs have been reduced.
Order. Decarbonisation is the focus. While I am on my feet, I would also like to gently remind all Members in the Chamber that this debate will end at 4 o’clock. The mover of the amendment will get a few minutes at the end, but a lot of Members who have been sitting in the Chamber all this time are still waiting to speak, so may we have some consideration to get them in as well?
(11 years, 8 months ago)
Commons ChamberOrder. May I remind the hon. Gentleman that this is a timed debate that will end at 7.15 pm. I hope that he will forgive me for interrupting, but it would be good to hear what the Minister has to say.
I will conclude on that basis. I hope that I have addressed some of the points made by coalition Members. The amendment should be supported on grounds of fairness, of improving the banking system and of ensuring that the money that the Government raise from this provision could be used to help to stimulate the economy.
(12 years, 10 months ago)
Commons ChamberOrder. Before I call the remaining speakers—there are two—I should tell them that I intend to call the wind-ups at 5.8 pm. If they could share the time, that would be very acceptable to all Members in the Chamber.