Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Alison Thewliss Excerpts
Tuesday 15th March 2022

(2 years, 7 months ago)

Commons Chamber
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Lindsay Hoyle Portrait Mr Speaker
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I call the SNP spokesperson, Alison Thewliss.

Alison Thewliss Portrait Alison Thewliss (Glasgow Central) (SNP)
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Sanctions against Putin’s regime are absolutely necessary, but they will add an extra layer of economic harm on top of the existing Tory cost of living crisis. The Chancellor must use the upcoming spring statement to deliver an emergency package of support to householders and businesses, whose costs have spiralled out of control. Will he turn his buy now, pay later energy loan into a grant, reinstate the universal credit uplift, increase other benefits with inflation and scrap the VAT and national insurance hike that will damage so many people?

Rishi Sunak Portrait Rishi Sunak
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What we are doing is tackling the cost of energy. Unlike the hon. Lady’s party, we believe in the future of the North sea and we are investing in it. We want to make sure that we promote the jobs that are there. On upcoming support for energy costs, the Scottish Government have plenty of powers on welfare and tax, and if they think that they can make a difference, they should use them.

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Lindsay Hoyle Portrait Mr Speaker
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I call the SNP spokesperson.

Alison Thewliss Portrait Alison Thewliss (Glasgow Central) (SNP)
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Lord Agnew’s evidence to the Treasury Committee last week was a damning indictment of this Tory Government’s “terrible complacency”—his words—about fraud and protecting public money, and he does not buy what the Minister says about working at pace either. Lord Agnew anticipates that there will be an “avalanche of claims” from the banks on the state guarantee of the bounce back loan scheme arriving at the Treasury in the coming weeks, so can the Minister tell the House what actions he is taking to prevent yet further billions of public money from waltzing out the door in the midst of a cost of living crisis?

Simon Clarke Portrait Mr Clarke
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On the hon. Lady’s point, the Government set up the £100 million taxpayer protection taskforce at the Budget back in March 2021, and that taskforce is expected to recover between £800 million and £1 billion from fraudulent or incorrect payments over the next two years. That builds on the work that has already been done, which saw Her Majesty’s Revenue and Customs recover £536 million in 2020-21. Other agencies of the state are also involved in this important work. The National Crime Agency has made 17 arrests, 106 directors have been disqualified as of February 2022, there have been 48 bankruptcy restrictions and 13 companies have been wound up in the public interest in relation to bounce back loans.