Class 4 National Insurance Contributions

Debate between Lord Hammond of Runnymede and Jake Berry
Wednesday 15th March 2017

(7 years, 9 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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The right hon. Gentleman is right. As I have said, there is, as the economy changes shape, an increasing tendency for employers, in effect to drive people out of employment and into what is thinly disguised self-employment. That is one of the issues that Matthew Taylor is looking at in his review. I have had the opportunity to have a preliminary meeting with him. We are very much looking forward to receiving his report in due course, and we will respond to it.

Jake Berry Portrait Jake Berry (Rossendale and Darwen) (Con)
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I declare my interest as a self-employed solicitor. I commend the Chancellor for coming to the House today and putting forward his views about changes in self-employment. Will he join me in commending the literally thousands of people across Rossendale and Darwen who go out, start businesses, make money and are self-employed? When they voted in the last general election, they knew that a Conservative Government would not only protect their tax rates, but create the economic environment in which they could start and grow their business.

Lord Hammond of Runnymede Portrait Mr Hammond
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My hon. Friend is absolutely right: it is about the environment being conducive to people starting and running small businesses. I congratulate those in Rossendale who do that—who get up every morning and who are prepared to take those risks. They will now benefit from the abolition of class 2 national insurance contributions, making them that little bit better off.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Jake Berry
Tuesday 17th January 2017

(7 years, 11 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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It is customary to present forecasts for fiscal events over the forecast period which, as we progress through this Parliament, will stretch beyond its end. That is how it has always been done, and it would not be helpful to give the House only a shorter horizon.

--- Later in debate ---
Jake Berry Portrait Jake Berry
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Thank you, Mr Speaker. On the subject of berries, does my right hon. Friend the Chancellor share my concern that too many JAMs are becoming jam tomorrow with the ballooning of household debt? What steps will he take to stop inappropriate and irresponsible lending by credit card companies and banks to low-income households?

Lord Hammond of Runnymede Portrait Mr Philip Hammond
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The Government and the regulatory authorities take appropriate measures to prevent inappropriate lending and to make sure that credit products are not mis-sold, and we will continue to do so.