Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Antoinette Sandbach
Tuesday 11th December 2018

(6 years ago)

Commons Chamber
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Antoinette Sandbach Portrait Antoinette Sandbach (Eddisbury) (Con)
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9. What progress he has made on reducing the amount of income tax that people pay.

Lord Hammond of Runnymede Portrait The Chancellor of the Exchequer (Mr Philip Hammond)
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The Government are committed to ensuring that working people can keep more of what they earn. At Budget 2018, I announced that the Government will increase the personal allowance to £12,500 and the higher rate threshold to £50,000 from April 2019, delivering on our manifesto promise one year early. This is a tax cut for 32 million people that will save a typical basic rate taxpayer a further £130 a year in tax. In the north-west and Merseyside, 196,000 of the lowest paid will have been taken out of income tax since 2015, leaving more of their hard-earned money in their pockets. The typical basic rate taxpayer across the UK will pay £1,205 less in 2019 than he or she did in 2010.

Antoinette Sandbach Portrait Antoinette Sandbach
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Some 37,000 constituents in Eddisbury have had an income tax cut and 738 pay no tax at all, but many will pay another tax on their income, which is national insurance. What steps is the Chancellor taking to reduce the burden of national insurance on the lowest paid?

Lord Hammond of Runnymede Portrait Mr Hammond
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The Government do consider national insurance contributions and income tax together to ensure an overall progressive tax system in which those earning the most pay the most. However, when we are looking at national insurance thresholds, it is important for us to remember that national insurance payments provide access to social security benefits: they build individuals’ entitlements to contributory benefits, including the state pension, as well as helping to fund the NHS. It is probably worth my mentioning that on average, in 2019-20, households in the lowest income decile will receive over £4 in public spending for every £1 they pay in tax.

European Union (Withdrawal) Act

Debate between Lord Hammond of Runnymede and Antoinette Sandbach
Thursday 6th December 2018

(6 years ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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The Government are clear that freedom of movement will end as we leave the EU, but as I have already said, that is not the same as shutting down migration. Once we regain control of our own borders, we will run our immigration system in our own interests, taking account of the needs of British society and the British economy, ensuring that we have the skills needed for our businesses to operate and our national health service to function properly, but at the same time making sure that the incentives exist for our businesses to train and upskill our indigenous British workers. We have to make our choice as a nation.

Antoinette Sandbach Portrait Antoinette Sandbach (Eddisbury) (Con)
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Key sectors in the north-west, such as the chemicals, aerospace, pharmaceutical, nuclear, and food and drink industries, involve high-paying, high-skilled jobs. Will my right hon. Friend comment on the impact on those jobs if this deal is not agreed?

Lord Hammond of Runnymede Portrait Mr Hammond
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My hon. Friend could have added that those industries also have a high trade penetration with the European Union, and they depend critically on maintaining open and free-flowing trade arrangements with it. The deal before the House today allows us to maintain those trading patterns with the European Union and protect our supply chains, businesses and commercial relationships, while also having the opportunity to go out and make new trading partnerships with friends, old and new, around the world. In my view, that is the best possible outcome for businesses in my hon. Friend’s constituency.

We have to make our choice as a nation, and it falls to this House to act on the nation’s behalf, setting aside narrow party interests and focusing on what is in the national interest of our United Kingdom. After two and a half years, it is time to choose and time for Britain to move on. This deal will ensure that we move forward as a nation, taking back control, protecting jobs, getting business investing again, growing, thriving, and bringing the nation back together. It sets the United Kingdom on a course for a prosperous future, with a close relationship with our biggest trading partner and the ability to strike trade deals with the rest of the world. It supports our economy and lets us get back to the priorities that the British people elected us to deliver: investing in the infrastructure and skills of the future, keeping taxes low, reducing our debt and supporting our vital public services. Let us get on with it. Let us back this deal, honour the referendum, protect our economy and work together in the national interest to build a brighter future for our country.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Antoinette Sandbach
Tuesday 11th September 2018

(6 years, 3 months ago)

Commons Chamber
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Antoinette Sandbach Portrait Antoinette Sandbach (Eddisbury) (Con)
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T9. When this Government were first elected in 2010, their defining mission was to fix the deficit. Will the Chancellor update us on what progress has been made and how that has benefited my constituents in the north-west?

Lord Hammond of Runnymede Portrait Mr Philip Hammond
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In 2010, the Government inherited the largest Budget deficit since the second world war, at 9.9% of GDP. Our balanced approach to fiscal policy means that we have significantly reduced the deficit by over four fifths, to 1.9% of GDP last year. That has had benefits for all our constituencies, as the economy has continued to grow. My hon. Friend’s constituents will have seen that benefit: in the north-west, more than 268,000 more people are in employment over that period, and there are 93,000 more businesses.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Antoinette Sandbach
Tuesday 27th February 2018

(6 years, 9 months ago)

Commons Chamber
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Antoinette Sandbach Portrait Antoinette Sandbach (Eddisbury) (Con)
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13. What assessment his Department has made of the potential merits for the economy of the UK adopting an EEA Norway-style arrangement after the UK leaves the EU.

Lord Hammond of Runnymede Portrait The Chancellor of the Exchequer (Mr Philip Hammond)
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Membership of the European economic area would require free movement of people with the rest of the European Union, and the UK Government have been clear that the free movement of people cannot continue as it does now. We are seeking a bespoke, comprehensive and ambitious economic partnership in the mutual interests of the UK and the EU.

Antoinette Sandbach Portrait Antoinette Sandbach
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The Government’s own forecast suggests that a no-deal Brexit will cut GDP growth by 12% in the north-west of England. What steps is the Chancellor taking to minimise the impact of a no-deal, WTO-terms Brexit on my constituents in Eddisbury?

Lord Hammond of Runnymede Portrait Mr Hammond
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As I said in answer to a previous question, the figures to which my hon. Friend refers are based on standardised trade models, not the bespoke deal that we are seeking to achieve. She asks what steps I am taking to protect her constituents’ interests. I am supporting my colleagues in seeking to negotiate an ambitious economic partnership with the EU that delivers the maximum possible benefits for both the EU and the UK.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Antoinette Sandbach
Tuesday 24th October 2017

(7 years, 2 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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As I have said several times today, we are reassured by the fact that at the European Council the 27 agreed to start the internal preparatory discussions on an implementation period. We are absolutely aware of the needs of business in this area, and they have been reinforced again by business leaders this week. We are confident that we will be able to deliver reassurance to business in accordance with its needs.

Antoinette Sandbach Portrait Antoinette Sandbach (Eddisbury) (Con)
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May I urge my right hon. Friend when looking at the business case for HS2 phase 2b to consider carefully the additional £750 million cost to the Exchequer of building over the Cheshire salt fields?