Economic Update

Robert Halfon Excerpts

Monday 17th October 2022 Commons Chamber

[Jeremy Hunt]

I am happy to offer that guarantee if the right hon. Gentleman will agree to explicitly reject the extremist, crank, think-tank economics of Scottish independence.

[Robert Halfon (Harlow) (Con)]

I welcome the direction of travel of my right hon. Friend and the reinstatement of compassionate conservatism, which is at the heart of this political party. When the Conservative Government under Chancellor George Osborne had rightly to cut the deficit and cut debt, they also helped the most needy with the cost of living, introducing the living wage and cutting taxes for lower earners, introducing a fuel duty freeze, and investing in skills and apprenticeships. I know that my right hon. Friend is not going to give me an answer now, but may I ask him: will that be his guiding philosophy as he goes forward in his new role?

[Jeremy Hunt]

I always listen to my right hon. Friend carefully on these issues. Let me say to him this: I do not think we will solve the growth paradox of this country, raising our long-term rate of economic growth to 2.5% from under 1%, unless we tackle the skills issue—that is central. I do not promise that I can give him an entire solution to that in two weeks’ time, but it is something I would very much like to talk to him more about.

Economic Situation

Robert Halfon Excerpts

Wednesday 12th October 2022 Commons Chamber

[Chris Philp]

I think the Prime Minister said a couple of weeks ago that, with hindsight, some of the pitch rolling or preparation could have been better handled, but I think that the package of measures is in the interests of the country. In addressing the cost of living pressures that the right hon. Gentleman referred to, we are protecting our fellow citizens, our constituents, from what could have been £5,000, £6,000 or even £7,000 annual energy bills. That is important. We are alleviating the burden of taxation at what is a difficult time. We are making sure that the households most in need of assistance get additional assistance, amounting to £1,200 a year for the one third of households on lower incomes. All those are measures designed to protect our constituents and I am sure that he will join me in welcoming them.

[Robert Halfon (Harlow) (Con)]

Of course, I welcome the energy intervention and help for the lower paid. However, does my right hon. Friend agree that, just as it is important to grow the economy, it is important to grow society and that, if we believe in trickle-down theory, we should also have trickle-up economics? By that, I mean that we need to invest in education and skills. Will he confirm that education spending will increase in real terms and incorporate rises in wages—whatever they may finally be—for the teachers, support staff and many other people working in education?

[Chris Philp]

I thank my right hon. Friend for his question. As Chairman of the Education Committee, he is a tireless campaigner for education and skills. I agree that the purpose of economic growth is to grow all parts of the economy, to help people across the entire income spectrum—rich and poor alike—and to ensure that the burden of taxation on those people is as light as it can be. That is why we have increased the minimum wage by such a large amount—from £5.93 an hour when Labour left office to £9.50 an hour today—and why we have lifted so many people on lower incomes completely out of taxation through increasing the income tax and national insurance thresholds to £12,570. All that disproportionately helps people on lower incomes.

We are seized of the importance of ensuring that education is properly funded. It is an investment in our country’s future and our children’s future, and I assure my right hon. Friend that that is very much at the front of our minds as we think about the fiscal plan.

Oral Answers to Questions

Robert Halfon Excerpts

Tuesday 11th October 2022 Commons Chamber

[Kwasi Kwarteng]

I am delighted to see that one member of the anti-growth coalition is focusing on growth. However, on the hon. Gentleman’s specific question, he will understand that the medium-term fiscal plan is coming out on 31 October, and I will not prejudge any measures in it.

[Robert Halfon (Harlow) (Con)]

Does my right hon. Friend agree that the levelling-up fund is an important part of the plan for growth, and has he seen Harlow Council’s levelling-up fund bid, which I wholeheartedly support? It would transform a derelict area of our town centre into a thriving cultural quarter with jobs and investment, tackling antisocial behaviour. Those abandoned buildings have blighted the heart of our town for far too long.

[Kwasi Kwarteng]

My right hon. Friend is a redoubtable and highly persuasive representative of his constituents. I would be happy to talk to him about what we can do together to help his great constituency.

The Growth Plan

Robert Halfon Excerpts

Friday 23rd September 2022 Commons Chamber

[Kwasi Kwarteng]

We do have a massive programme of investment: it is called business and the private sector being able to mobilise capital to act in institutions such as investment zones. That is a really radical plan, and I was delighted to announce it this morning.

[Robert Halfon (Harlow) (Con)]

I strongly welcome the income tax cuts, the energy rebates and the freeze, as well as the other cost of living measures. They will enormously help my constituents, many of whom are working seven days a week just to keep their heads above water. My right hon. Friend knows that petrol and diesel prices have been at historic highs; hauliers have been paying up to £125 more every time they fill up, and white van men and women are paying £25 more every time they fill up at petrol stations. When he comes back and does a full Budget, will he please do everything he can to cut fuel duty, since, as he has made clear, he is a tax-cutting Chancellor?

[Kwasi Kwarteng]

I would be very happy to engage my right hon. Friend on that. He and I entered the House at the same time, and I know nobody has been more tireless and unstinting in supporting their constituents and focusing on lessening the tax burden.

Tackling Short-term and Long-term Cost of Living Increases

Robert Halfon Excerpts

Tuesday 17th May 2022 Commons Chamber

[Rishi Sunak]

Because we want to make sure that we get support to everyone in a way that suits them. What we did do—and we heard this from the right hon. Member for Doncaster North (Edward Miliband) when he gave a case study on universal credit—is cut the universal credit taper by the biggest amount ever. That was the biggest tax cut that we have seen for people on low incomes, which is in contrast to the cherrypicked example that we heard from right hon. Gentleman. What does that mean for a single mother on universal credit, working on the national living wage, renting, and with two children? It means that that mum will be £1,600 a year better off this year. That is what this Government are doing. Help is there, and anyone seeking to pretend otherwise is simply causing more worry and more anxiety.

[Robert Halfon (Harlow) (Con)]

There is no recognition from Labour Members of the £22 billion that the Government put in to help with the cost of living, particularly the 5p cut in fuel duty. However, I do have one ask of my right hon. Friend. The oil companies are not passing the cuts to the pumps. They take ages to reduce the prices when the international oil price falls, but oil bosses are earning multi-million pound salaries and getting multi-million pound bonuses. They are, in essence, the new oligarchs. I urge him to consider both a windfall tax on the oil companies, which we can then use to cut taxes for the lower paid or to cut energy bills, and a pump-watch monitor to make sure that there is fair competition and that consumers get a fair deal at the pumps. None the less, I genuinely recognise all the work that he has done thus far to cut the cost of living.

[Rishi Sunak]

I thank my right hon. Friend for his advice and support, and I will come on to both of his points momentarily. He is right to remind the House that so far we have provided £22 billion of direct support. That is not a trivial figure; it is £22 billion of support to help families up and down our country at a time of challenge. We have taken action, as we heard, to cut people’s bills, starting with fuel duty—I commend him for his campaigns on that. It has been cut by 5p a litre, which is worth £100 this year together with the freeze, and council tax, cut by £150.

What the right hon. Member for Doncaster North did not mention was that that £150 of support, which, as we heard from my right hon. Friend the Member for Harlow (Robert Halfon), has made a huge difference to families, came faster than any support the Labour party was offering in its proposal, and it went to a far broader group of people than their proposal, because we wanted to support those on middle incomes as well.

Financial Statement

Robert Halfon Excerpts

Wednesday 23rd March 2022 Commons Chamber

[Rishi Sunak]

The feedback that I receive from colleagues suggests that it has been effective, and I trust councils to know who are the people in their areas who most need our help. I used to be a local government Minister, and, as the right hon. Gentleman knows, I have enormous respect and regard for local authorities. However, we did not just do that: in the autumn Budget, we gave a £2 billion cut through the tax rate on universal credit to nearly 2 million people on the lowest incomes.

[Robert Halfon (Harlow) (Con)]

I thank my right hon. Friend heartily for the cut in fuel duty, and for waiving the national insurance threshold. I hope I can now retire from campaigning on that issue; it would make my life a lot easier! My right hon. Friend has stood up for workers and for people on low incomes, and we should not forget that. As he said, it is this party that is the true workers’ party of the United Kingdom.

When my right hon. Friend considers a reform of the apprenticeship levy, will he ensure that at its heart is a focus on enabling more disadvantaged young people to take up apprenticeships, including degree apprenticeships?

[Rishi Sunak]

I thank my right hon. Friend for his support, and I can give him that reassurance. Apprenticeships are fantastic and we want to ensure that they are continually supported, but we will look at all aspects of this to ensure that we also provide incentives for the training that we want to see. My right hon. Friend is right to emphasise that this is the party of the workers, and that is in no small part thanks to his campaigning. I congratulate him on making the case so well.

Economic Update

Robert Halfon Excerpts

Thursday 3rd February 2022 Commons Chamber

[Rishi Sunak]

The hon. Lady talks about universal credit; this Government provided the extra support for people when they needed it during the crisis. All the data and evidence show that throughout the worst of the depths of this pandemic the Government’s actions helped those on the lowest incomes the most. That is a record of which I am enormously proud.

[Robert Halfon (Harlow) (Con)]

I realise that to the champagne socialists on the Opposition Benches £350 is not a lot of money, but my right hon. Friend knows that I care deeply about this issue. My constituents are just about managing but this is a cost of living package for white van men and women throughout the country, including in my Harlow constituency. Will he continue to do everything he can to focus on the just-about-managing group of people who make up my constituents, and make sure that the Government continue to cut the cost of living for hard-working families?

[Rishi Sunak]

I am grateful for my right hon. Friend’s support. He rightly champions those people who are just about managing and who work incredibly hard to build a better life for themselves and their families. They should know that this Government are on their side. I thank him very much for his support and we will continue to champion those people.

Budget Resolutions

Robert Halfon Excerpts

Wednesday 27th October 2021 Commons Chamber

[Mel Stride]

I was saying that in the first phase of this crisis, between the huge contraction in the economy and the recovery that we are now seeing, it is fair to say that my right hon. Friend the Chancellor did a pretty remarkable job to support the jobs market and to support jobs—not without criticism, incidentally, from my Committee, but overall it was a remarkable job.

My right hon. Friend has an even tougher job as he looks to the future, now having to deliver sustainable economic growth and ensure that the public finances are on a sustainable trajectory, as well as meeting all the other objectives the Government rightly have on levelling up, net zero and so on.

[Robert Halfon (Harlow) (Con)]

My right hon. Friend mentions levelling up. Does he not agree that this is a real workers’ budget? The funds for skills and schools will transform the prospects of our young people and our adults, and let them climb the ladder of opportunity to get skills, security, prosperity and jobs for the future.

[Mel Stride]

My right hon. Friend is absolutely correct about skills. He, of course, through his Committee, has done so much to promote that agenda, which I will come to momentarily, but the background is extremely tough.

While the Chancellor is right to point out that the deficit is falling, it is none the less very highly elevated compared with historical measures. The debt, in financial terms at least, is at a record level of £2.2 billion, and the economy has the headwinds of supply chain bottlenecks and the mismatch between demand and supply that we are seeing in parts of the labour force.

However, there are reasons to be cheerful, which my right hon. Friend outlined. Those are the OBR’s revised forecast showing that growth is much stronger this year—I think the Chancellor suggested 6.5%, compared with the March forecast of just 4%—and the scarring downgrade from 3% to 2%. By my calculation, that is probably worth about £10 billion or thereabouts per year; it is a significant achievement. All that has been achieved through the hard work of the last 18 months to two years. I do not think we should take that away from my right hon. Friend.

That has left my right hon. Friend with some breathing space, and he recognises that there are many challenges facing the economy and uncertainties going forward. A big test as we unpack the Budget is what he has done with that additional headroom. Not surprisingly, he has spent quite a lot of it. It appears to me that, with his fiscal rule of keeping day to day expenditure without borrowing and debt coming down as a percentage of GDP, he has headroom of about £25 billion in 2024-25 on the net debt target, which is about 0.9% of GDP, with the OBR economic and fiscal outlook suggesting he has a 55% to 60% chance of hitting that particular metric. The Committee will want to look very closely at how prudent an approach my right hon. Friend has taken to the Budget.

I see my hon. Friend the Member for Basildon and Billericay (Mr Baron) itching to intervene, so I give way to him.

Economic Update

Robert Halfon Excerpts

Monday 11th January 2021 Commons Chamber

[Rishi Sunak]

I am sorry to hear about some of the examples that the right hon. Gentleman raised. I know that goods in aggregate continue to move smoothly between Great Britain and Northern Ireland, and I am not aware of any significant queuing. Individual issues are being addressed by UK authorities. My right hon. Friend the Chancellor of the Duchy of Lancaster is talking with colleagues across the House to make sure that we are kept abreast of any particular issues, so that we can look to resolve them as we can.

[Robert Halfon (Harlow) (Con) [V]]

The Chancellor will know that I have worked hard and lobbied for financial support for Harlow’s small businesses, and I really welcome the financial package for our town, worth well over £160 million so far. However, I have been contacted by many businesses in my constituency that have yet to receive much of the grant funding they have been allocated, such as Carol Bush, the wonderful landlord of the Golden Swift pub, because Harlow Council is yet to distribute it. What steps can he take to ensure that councils across the country distribute these grants from the Government immediately, as they should have already done, to help our hard-pressed businesses?

[Rishi Sunak]

My right hon. Friend is right that this cash should get to businesses as quickly as possible. I can confirm that the guidance will be published this week, and cash from central Government should be with local authorities by the end of this week, at which point it will be up to them to distribute it as quickly as possible. I know that they have been focused on this in the past several months, so hopefully this process can be as quick as we all need it to be.

Oral Answers to Questions

Robert Halfon Excerpts

Tuesday 1st December 2020 Commons Chamber

[Mr Speaker]

Let us go over to Robert Halfon and Sweep.

[Robert Halfon (Harlow) (Con) [V]]

Thank you, Mr Speaker. I thank my right hon. Friend for the financial package worth more than £150 million to support Harlow businesses and hard-working residents, but will he recognise the difficulties that are being faced by my constituents, particularly freelancers and directors of limited companies, who have been without any form of financial support—or almost any form of financial support—for eight months now? This is having a detrimental impact on my constituents’ livelihoods and mental health, so will the Minister outline what steps he is taking to ensure that these individuals, who have so far found themselves excluded from covid-19 support schemes, are able to access some significant financial assistance?

[John Glen]

I thank my right hon. Friend for his question. Throughout the crisis, as he has acknowledged, the Government have spent over £280 billion. He referred to the self-employment income support scheme. Support for the grant has recently been increased from 55% to 80% of average trading profits from November to January, capped at £7,500 in total, and the claims window will be open until 30 November. Obviously, a range of additional support mechanisms have been put in place, including the additional restrictions grant. As my right hon. Friend the Financial Secretary said earlier, we will continue to look sympathetically and constructively at all other representations made.