(10 years, 11 months ago)
Lords ChamberMy Lords, these are time-limited questions, so the briefer individual Lords can be in making their contributions, the more Members of your Lordships’ House will be able to participate.
My Lords, whenever a bishop speaks on economics I must emphasise that we preface it with St Paul’s statement: “I speak as a fool”. I fundamentally support the Government’s strategy of getting the deficit down. My question is about the cap and how that is going to operate. Somewhere in the Statement it says that 30% of tax is now collected from 1% of taxpayers. That is a signal of how disparities of wealth have grown in our society. It really behoves us to protect the weakest. My worry is that I see a sort of American scenario of a cap being introduced and benefits not being paid because the cap is there. How will this work, when social security benefits can rise and fall with events which nobody can control? It worries me that introducing another cap of an absolute sort without reference to other realities could end up almost undergirding the underclass, which I am afraid is a developing feature of our society. Can the Minister say a bit more on how this cap is going to work?
(11 years, 4 months ago)
Lords ChamberI completely agree with the noble Lord. Of course, that is why we set up the Green Investment Bank, which is already proving its worth, not only in putting money into green projects on its own behalf but getting a significant multiple of private sector investment coming in to support that government pump-priming.
My Lords, the Minister has twice referred to the Green Deal as the Government’s policy response to the issue. Can he tell the House how the take-up of the Green Deal is progressing in relation to the hopes that were expressed?
(11 years, 9 months ago)
Lords ChamberAbsolutely, my Lords. That is very much the thrust of the proposals that were announced at the beginning of this week. We have looked in particular across the EU, where childcare and nursery care is in some cases thought to be better than in the UK and two things have emerged: first, that we need to have better-qualified people involved and, secondly, that the ratios that the noble Earl spoke about are tighter in the UK than virtually anywhere else. However, the two go together, and that is why in our plans for early years teachers and educators we are putting a lot of emphasis on improving the qualifications of people working in childcare, while having more flexibility in the numbers.
My Lords, would it not be unfair to introduce this tax relief for working parents with children while denying effective tax relief through transferable allowances to those parents who choose to stay at home with young children and who are currently penalised through the tax system for doing so?