(7 years, 8 months ago)
Commons ChamberThe subject of product standards is incredibly important. My hon. Friend will be aware that the great repeal Bill will bring across a great deal of what relates to the European Union, and that Bill will contain detail about product standards.
What influence can my right hon. Friend bring to the showcasing of great British beer in embassies around the world?
(12 years, 2 months ago)
Commons Chamber9. What recent estimate he has made of the number of people in work not saving for a pension.
14. What recent estimate he has made of the number of people in work not saving for a pension.
Around half of all employees—around 13.5 million people—are currently not saving in a workplace pension. That is why we are pressing ahead with the introduction of automatic enrolment, to transform our long-term savings culture and support people in taking responsibility for their retirement.
(12 years, 7 months ago)
Commons ChamberI pay tribute to my hon. Friends the Members for Stourbridge (Margot James) and for Ipswich (Ben Gummer), who have eloquently made many of the points that I intended to make. I do not want to repeat them.
First and foremost, the Bill makes it clear that the Government are sticking to the plan to deal with the mess left by Labour and eliminate the structural deficit. That is essential for market confidence in the future of our economy and wealth creation.
Secondly, the Bill is clearly on the side of working people and pensioners. It is pro-business and helps people who want to do better for themselves and their families. It cuts tax for 24 million ordinary families across the country, including 2.5 million in the north-west. Thanks to the Budget, most basic rate taxpayers will keep an extra £220 of their salary every year. That represents the largest real personal tax cut for people on average earnings in more than a decade. I appreciate that £220 might not seem like that much to the Labour leader, sat in his multi-million pound home in Primrose Hill, but for people struggling to get by in Cheshire, £220 is a real help. The Bill therefore helps working people.
Does my hon. Friend agree that over the period of the changes to the tax-free allowance, the total contribution will be more than £500 for the average individual?
I am most grateful to my hon. Friend for making that good point, with which I agree. It is a good Budget for working people on basic rate tax.