(8 years, 4 months ago)
Commons ChamberThe right hon. Gentleman will understand, as a former Treasury Minister, that there is a need for consistency. My answer remains that we will make an announcement soon. We recognise the point that he is making and the desire to remove uncertainty, but I am not in a position to make an announcement this morning.
21. There are nine enterprise zones in the north-west of England, including the magnificent Sci-Tech Daresbury in Weaver Vale, which employs more than 500 scientists. Does my right hon. Friend agree that enterprise zones are essential to the Government’s commitment to rebalance the economy, close the north-south divide and build a great northern powerhouse?
My hon. Friend makes a very good point. Enterprise zones, which were reintroduced by the Government in the last Parliament, are important in creating a clustering effect and a culture of enterprise. They are making a big contribution to the northern powerhouse and playing a role in the increase in investment in the north of England.
(9 years, 4 months ago)
Commons ChamberWorking tax credits of £30 billion—my hon. Friend may have noticed my question to members of the Opposition Front-Bench team whether that was too high. They did not answer. Does not the whole debate show that Labour is the party of welfare?
I fear that my hon. Friend is right. Given what we inherited, it was necessary to introduce wide, comprehensive reforms to reward work and allow people to fulfil their potential. We have cut taxes. We have capped benefits so that no household earns more in out-of-work benefits than the average household earns by working. We are simplifying the benefits system through the roll-out of universal credit. We tightened the rules to prevent abuse of the system and, perhaps most importantly, we ensured that there were decent, full-time jobs for people to go to. At the same time, we have ensured that benefits continue to help the most vulnerable.
Before I set out how we will continue to help working people to achieve their aspirations, I shall say a few words about tax credits. Tax credits have helped to support many of our most vulnerable families. Over the past five years, we have channelled the support they provide towards the people who need it most—for instance, by increasing the disability element of tax credit in line with the consumer prices index. The next five years will see us continue to roll out universal credit, which will simplify the complex web of benefits and tax credits currently in place.