Oral Answers to Questions

Debate between Jesse Norman and Paul Blomfield

Tuesday 9th March 2021 Commons Chamber

[The Financial Secretary to the Treasury (Jesse Norman)]

What a fantastically niche question from my hon. Friend, and how delighted I am to be able to answer it. He will know that scoring is a matter for the OBR. As the Budget policy costings in the Budget 2021 document set out, the costing for corporation tax has been adjusted to reflect behavioural responses to an increase in the rate of corporation tax. It is important to be clear that dynamic scoring can include a number of potential behavioural responses, such as adjustments to reflect the impact on the incentive to incorporate, on profit shifting, and on investment. If he is so minded, he can find further detail on page 196 of the OBR’s “Economic and fiscal outlook”.

[Paul Blomfield (Sheffield Central) (Lab) [V]]

As some students return to campus this week, those studying in Northern Ireland will each receive £500 support. The Welsh Government have provided hardship funding equivalent to £300 per student. In Scotland, it is £80. For those studying in England, hardship funds equate to just £36, so does the Chancellor not accept the case for equal support across the UK? Students have lost vital income from part-time jobs, paid rent on unused accommodation and faced other costs, so will he meet the all-party parliamentary group for students to discuss our recommendations for hardship support and funding to make up for missed learning opportunities?