Taxes

Baroness Watkins of Tavistock Excerpts

Tuesday 15th July 2025 Lords Chamber

[Lord Livermore (Lab)]

I am not quite sure what tax the noble Lord is referring to, but absolutely not, because it is essential to stabilising the public finances and to funding our public services. The party opposite welcomed all the spending we announced in the spending review a few weeks ago, so if it wants the spending, it has to have the taxes to pay for it.

[Baroness Watkins of Tavistock (CB)]

My Lords, when the Treasury is considering how it is going to increase its revenue, will it give careful consideration to the fact that UK graduates repaying student loans are already disadvantaged, in that they are paying 9% additional tax above just over £20,000 to pay off their loans? Here is an example. A student spoke to me recently who is a young teacher with an old-fashioned loan that now stands at only £9,000, through very careful repayment, but who is paying £64.51 a month in interest on the loan. As we consider tax, I ask the Minister to encourage the Treasury to make student loan repayments, or at very least the interest on them, tax-deductible.

[Lord Livermore (Lab)]

I am grateful to the noble Baroness for her question. It was premised on a hypothetical, and I am not going to speculate on the next Budget now. I absolutely understand the issues that she is raising, and I am very happy to take those points back to my colleagues in the Treasury.

Health: Duties on Food and Drink

Baroness Watkins of Tavistock Excerpts

Monday 6th March 2017 Lords Chamber

[Baroness Neville-Rolfe]

Alcohol is a problem and I think I gave a positive answer about the direction of travel, outlining the issues regarding EU rates and the structure of alcohol duties. The truth is that alcohol and obesity are problems right across the board. That is one of the reasons why local authorities have £16 billion for public health over the spending review period, in addition to the PHE funding and what the NHS itself spends on prevention. Our GPs do a marvellous job and I have been very struck by the way they support the measures we need on alcohol. However, I take the point that the licensing and tax regimes are also important.

[Baroness Watkins of Tavistock (CB)]

My Lords, are the Government content with the way in which white cider is currently marketed and taxed? White cider is in fact not cider at all, and many bottles contain the equivalent of 11 units of vodka. In some shops, it is cheaper per litre than milk. I understand that there is the potential to increase tax on this product within the EU guidelines to reduce its destructive effects, particularly on young people.

[Baroness Neville-Rolfe]

We have made the changes in the juice rules that I mentioned and have had a number of representations, including perhaps from the noble Baroness, about white cider in the context of the Budget. I would add only that the UK cider industry is an important part of the rural economy and uses almost half the apples produced in this country.