Class 4 National Insurance Contributions
Debate between Lord Hammond of Runnymede and Danny Kinahan(7 years, 1 month ago)
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Mr Hammond
As you would expect, Mr Speaker, we try, if it is at all possible, to ensure that the House is always informed first of these matters. After my right hon. Friend the Prime Minister and I met this morning, I wrote to the Chairman of the Treasury Committee and placed a copy of that letter in the Library of the House, and I have made this statement at the earliest opportunity available to me.
Danny Kinahan (South Antrim) (UUP)
We have already heard that Northern Ireland has some 134,000 self-employed people. We also know that it is critical that we increase the private sector in Northern Ireland. At the same time, we have 50% fewer new businesses. Will the Chancellor ensure that the future consultation on this matter considers all the aspects of its effects on the Northern Ireland economy?
Mr Hammond
Yes; as the hon. Gentleman alluded to, there are specific issues in Northern Ireland, where the public sector still occupies a dominant role in the economy. Of course, we all share the objective of increasing the share of the private sector in the Northern Ireland economy. Small businesses can play an important role in that. The lessons of this review will be generally applicable across the United Kingdom, but they will certainly play an important role in Northern Ireland.
Oral Answers to Questions
Debate between Lord Hammond of Runnymede and Danny Kinahan(7 years, 9 months ago)
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Mr Hammond
The retail scheme was a temporary arrangement until the current proposals were fleshed out fully, so I am afraid that we will not be able to reintroduce it. Many businesses that benefited under the old, temporary retail scheme will benefit from the permanent scheme that we have introduced to reduce the burden of business rates, but I am afraid that some may slip through the net.
Danny Kinahan (South Antrim) (UUP)
20. May I congratulate the Chancellor and his team on their appointment? On supporting businesses, PricewaterhouseCoopers yesterday said that growth in Northern Ireland is likely to remain at zero, the worst in the United Kingdom. Will the Chancellor put in place some mechanisms—he has already discussed enterprise zones such as Belfast international airport—to help us?
Mr Hammond
One of our priorities, in the interests both of social fairness and of improving the productivity of the economy, will be to address the huge—one might say almost grotesque—disparities between economic performance in the different regions and nations of the UK. That will be a central part of our productivity agenda, which will be a key cornerstone of our long-term economic plan.