73 Andrew Jones debates involving HM Treasury

Oral Answers to Questions

Andrew Jones Excerpts
Tuesday 4th November 2014

(10 years, 1 month ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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The reason there has been an increase in European migration is that the British economy is succeeding while the economies in Europe sadly are not. That is why we want to seek a different relationship with the European Union, to take into account that and other features of our relationship. I notice that the last Labour Chancellor now supports a referendum on Britain’s membership of the European Union, but the shadow Chancellor does not. The truth is this: we will set out our forecasts to the independent Office for Budget Responsibility, but the idea that Labour would get a better deal in Europe is total fantasy, alongside the shadow Chancellor’s fantasy that Labour left us with a golden economic legacy and that he has been right all along and everyone else is wrong. The right hon. Member for Lewes (Norman Baker) has resigned, so there is now a vacancy for a conspiracy theorist at the Home Office—the shadow Chancellor should apply.

Andrew Jones Portrait Andrew Jones (Harrogate and Knaresborough) (Con)
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T7. Small businesses and retailers are the backbone of our economy. With small business rate relief, a relief for businesses re-occupying long-term empty properties and other discount schemes, this Government have shown their support for small business. Will my right hon. Friend go further and review the business rate system to ensure that it is fair and does not deter investment?

George Osborne Portrait Mr Osborne
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My hon. Friend makes a good point about the impact of business rates. That is of course why we have extended small business rate relief and helped 360,000 small properties. It is why we have offered the £1,000 high street discount to stores in Harrogate and elsewhere around the country. We are going to review the business rate system to make sure that it is simpler, fairer, more transparent and more responsive to economic circumstances, and he is very welcome to take part in that review.

Oral Answers to Questions

Andrew Jones Excerpts
Tuesday 28th January 2014

(10 years, 10 months ago)

Commons Chamber
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Margot James Portrait Margot James (Stourbridge) (Con)
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7. What recent fiscal steps he has taken to support small businesses.

Andrew Jones Portrait Andrew Jones (Harrogate and Knaresborough) (Con)
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12. What recent fiscal steps he has taken to support small businesses.

George Osborne Portrait The Chancellor of the Exchequer (Mr George Osborne)
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We heard today that our economy continues to grow and we know that there is currently the greatest number of businesses in the UK on record—around 400,000 more than at the general election. We have supported that by reversing the previous Government’s increase in the small companies tax, undoing their jobs tax, cutting red tape, freezing fuel duty, taking the smallest firms out of business rates and helping the high street, and in a few months’ time, we will have our employment allowance, a £2,000 cashback on jobs, which will take almost half a million small firms out of employer national insurance altogether. Unlike others, we are unabashedly pro-business.

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George Osborne Portrait Mr Osborne
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I am delighted to hear about the success of businesses in the Dudley borough area and in my hon. Friend’s constituency. The Government made a choice that we were going to back a private sector recovery and that, in a time of limited resources, we would put our efforts into helping small businesses grow by cutting their business and employment taxes. That is what we have done, and we are beginning to see the fruits in the growth of jobs in the west midlands and across the whole country.

Andrew Jones Portrait Andrew Jones
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In the past 20 months, unemployment in my constituency of Harrogate and Knaresborough has halved. It is now has one of the lowest levels of unemployment in the country, particularly for young people. Much of that growth has come from our strong small business sector. What assessment has my right hon. Friend made of the impact that the employment allowance will have on improving the situation further, and does he agree that the anti-business rhetoric and measures proposed by some would destroy that progress?

George Osborne Portrait Mr Osborne
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The employment allowance will help many small firms that want to invest or take on a new member of staff. I saw that for myself when I visited a small business in Enfield that, as a result of the employment allowance, will take on an extra member of staff. That is the support we can give. It is up to those in this House who promote anti-business rhetoric to get up and explain how that could possibly help our economy. The truth is that by being anti-business, they are anti-recovery, anti-jobs, anti-investment and anti-the British people.

Interest Rate Swap Derivatives

Andrew Jones Excerpts
Thursday 24th October 2013

(11 years, 1 month ago)

Commons Chamber
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Andrew Jones Portrait Andrew Jones (Harrogate and Knaresborough) (Con)
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I congratulate my hon. Friend the Member for Aberconwy (Guto Bebb) on securing today’s debate and on his excellent work in leading the all-party group, of which I am a member. He has done much to progress this issue.

In recent months, I have met many companies in my constituency on this issue. I have been struck by the sheer scale of the problems that they have detailed to me. I will not name any of the businesses, but I can see some of them in the Gallery and I am grateful to them for the—

Baroness Primarolo Portrait Madam Deputy Speaker (Dawn Primarolo)
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Order. Lots of hon. Gentlemen keep referring to the Gallery, and they need to be reminded that doing so is a procedural motion that causes a Division. Perhaps I could help them by suggesting that they say that their constituents are following the debate “closely”, “intently” or “not far from the House”, so that we can avoid any confusion about any unfortunate procedural vote that might be triggered.

Andrew Jones Portrait Andrew Jones
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Thank you, Madam Deputy Speaker. We do not want any procedural confusions—I am always lost by the procedures here anyway—but I am quite sure that this debate is being followed closely from somewhere very near to where we are.

The companies in my constituency have provided me with much detail. They have been frank in explaining some of their personal commercial circumstances and providing me with access to some of the supporting papers, so that I could see the whole thing—the background and implications for their companies. I have heard of the challenges that companies have faced with cash-flow problems; of companies having to sell assets simply to generate enough cash to pay their banks; of companies having to delay investment; of companies having to make people redundant simply to take cost out of the business and raise cash to pay their banks; and of company managers enduring sleepless nights and desperate worries. I have even had a case where a company was put into administration. In that case, the business owner believes it was done by the bank purely to avoid its mis-selling liabilities.

Overall, this issue has had a detrimental impact on many businesses. However, as we have heard from colleagues from across the country, it is not a local issue; rather, it affects people up and down the country. The collective effect is a detrimental impact on the entire economy.

I know that the problem has been recognised and that the redress scheme has been created, but I do not think that that is good enough. More needs to happen. The speed with which the scheme is proceeding needs to get a lot faster, because we need a swift resolution to this issue. Businesses are haemorrhaging cash, and they are still facing the problems that I have outlined. In the vast majority of cases, resolution will result in a judgment of mis-selling. It will also bring clarity and, consequently, an ability to plan for the future. Businesses are in a state of near-suspended animation until they get that clarity.

The one way to deliver that speed is to bring an end to all payments during the resolution process. That would help companies with cash flow, and provide an incentive for the financial institutions to get on with it. Progress has simply been too slow. The FCA is at least now publishing some data, which is a help. As of 27 September, the review population stood at 27,989 companies, some classed as sophisticated, some not. Of that number, 16,236 have been classed as non-sophisticated, of which 438 have gone all the way through the process and had an additional redress outcome communicated to them. That represents a hopeless rate of 2.7%, after months and months of work, and it involves only a communication, not a conclusion.

I have been told by the FCA and by the banks of the number of people recruited to deal with the issue and of the importance that they attach to it. I am sure that people have been recruited, but that is simply a measure of input. A process is designed to achieve an outcome, and the outcome is not having a process. The process is not working. I want us to send a message from this place that the impact on UK business is being recognised, that the pace of the process is unacceptable, that the financial institutions and the regulators will work to improve that, that we in this place will be watching their progress and that the Government will apply appropriate pressure. This issue needs to be resolved very quickly.

Investing in Britain’s Future

Andrew Jones Excerpts
Thursday 27th June 2013

(11 years, 5 months ago)

Commons Chamber
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Danny Alexander Portrait Danny Alexander
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This is the first Government who have made a serious effort to look for efficiency savings. I mentioned in my statement the excellent work of the efficiency and reform group in the Cabinet Office under my right hon. Friend the Minister for the Cabinet Office, which has yielded up a view that there are more savings yet to be had in Departments. That is why I announced today a rolling programme of efficiency reviews across major Departments to unlock yet further savings over the next two years.

Andrew Jones Portrait Andrew Jones (Harrogate and Knaresborough) (Con)
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I particularly welcome the announcement on the new regional air connectivity fund. Aviation capacity is often described as a south-east issue, but it applies right across the country, especially in Yorkshire. May I urge my right hon. Friend to continue to focus on connectivity between modes of transport and on the fact that this issue applies right across the country?

Spending Review

Andrew Jones Excerpts
Wednesday 26th June 2013

(11 years, 5 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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Well, we were operating under the procurement rules of the previous Government.

Andrew Jones Portrait Andrew Jones (Harrogate and Knaresborough) (Con)
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May I welcome my right hon. Friend’s announcement of an increase in transport capital and his indication that it will be invested in our rail network? The boost in capacity and services will be welcomed by rail travellers.

George Osborne Portrait Mr Osborne
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I am grateful for that welcome.

Oral Answers to Questions

Andrew Jones Excerpts
Tuesday 25th June 2013

(11 years, 5 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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The Office for National Statistics revised down borrowing for 2010-11, 2011-12 and 2013-14; that is actually good news.

Andrew Jones Portrait Andrew Jones (Harrogate and Knaresborough) (Con)
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T2. The quality of schools in my constituency is very high. Will my right hon. Friend outline the Government’s intentions on school funding?

George Osborne Portrait Mr Osborne
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Everyone knows that Britain needs to live within its means, and tomorrow I shall set out the next phase of the economic plan to move Britain from rescue to recovery. However, I can confirm that we will offer real protection for our national health service and our schools. Those vital public services are an investment in our economic future, and they are all about doing what we need to do to win that global race.

Oral Answers to Questions

Andrew Jones Excerpts
Tuesday 11th December 2012

(12 years ago)

Commons Chamber
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Chris Skidmore Portrait Chris Skidmore (Kingswood) (Con)
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3. What steps he is taking to encourage private sector job creation.

Andrew Jones Portrait Andrew Jones (Harrogate and Knaresborough) (Con)
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7. What steps he is taking to support business creation.

Richard Graham Portrait Richard Graham (Gloucester) (Con)
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9. What steps he is taking to encourage private sector job creation.

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George Osborne Portrait Mr Osborne
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I think it will help, alongside the reduction in the small company rate. I am pleased that the Federation of Small Businesses said we had listened to the concerns of members, and the chambers of commerce were also supportive. Over the next two years this measure will encourage investment from small and medium-sized businesses, although all businesses that invest will benefit.

Andrew Jones Portrait Andrew Jones
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As someone who has set up small businesses myself, I think that encouraging small business creation is part of the solution to the country’s economic problems. Does my right hon. Friend agree that it is a sign of the strength of the private sector in this country that we have seen new businesses created in such record numbers and that this has been one of the factors in generating the 1 million-plus private sector jobs created since the election?

George Osborne Portrait Mr Osborne
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It is welcome that more than 1 million jobs have been created in the private sector. We now have record female employment, which is also welcome, while the number of those on out-of-work benefits has fallen by 190,000, which is something I hope everyone would welcome.

Autumn Statement

Andrew Jones Excerpts
Wednesday 5th December 2012

(12 years ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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I hear what the hon. Gentleman says and I am happy to respond in writing on his specific point about Advantage West Midlands. I will get back to him with the details.

Andrew Jones Portrait Andrew Jones (Harrogate and Knaresborough) (Con)
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The average weekly gross pay in my constituency is £490, which is less than the UK average. The huge increase in personal allowance benefits my constituents significantly as well as people across the country, so may I congratulate my right hon. Friend on his work to take so many people out of tax and urge him to continue his efforts to make work pay?

George Osborne Portrait Mr Osborne
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I will certainly continue those efforts to ensure that work pays and that we have a welfare system that encourages work, in which it always pays to work and in which working people in Harrogate, Knaresborough and elsewhere are rewarded for being in work. The personal allowance increase and the cut in fuel duty plans will help the people my hon. Friend so ably represents in this Parliament.

Beer Duty Escalator

Andrew Jones Excerpts
Monday 2nd July 2012

(12 years, 5 months ago)

Commons Chamber
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Gavin Williamson Portrait Gavin Williamson
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My hon. Friend makes a valid point. In addition, pubs are an important part of the economy and employ young people. In my constituency, 50% of those employed in the beer and pub industry are under the age of 25.

We all talk about the beer duty escalator. Just the other day, I was in a department store. I went up an escalator, and then I noticed that I went down one. So I say to the Minister that we could keep a beer duty escalator, but perhaps put it in reverse.

Andrew Jones Portrait Andrew Jones (Harrogate and Knaresborough) (Con)
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My hon. Friend is being very generous and possibly setting a world record in taking interventions. A suggestion that might meet the requirement from the Treasury Bench to raise revenue and which builds on the points made by colleagues about supporting the industry and supporting pubs is to remove the escalator just from cask ales. Those ales are available only in pubs. British pubs are of course part of our heritage and we are talking about a British product with a British supply chain, as my hon. Friend the Member for York Outer (Julian Sturdy) said. We have great pubs, particularly in the Yorkshire area.

Gavin Williamson Portrait Gavin Williamson
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Unfortunately, they are not as good as those in the county of Staffordshire—although I am sure the pubs in Yorkshire are not bad.

I would love the Minister to stand at the Dispatch Box and announce to the whole Chamber that the beer duty escalator will be frozen or reversed. I know that she carries many burdens on her shoulders and may not be able to give us that promise, so I ask her to meet me and other colleagues who have such concerns in order to listen to the arguments put forward by the industry and by people who feel passionately not just about our pubs but about our beer and our great breweries—a part of our industrial heritage that is living and breathing today.

I am quite sure that if the Minister can take the arguments to the Chancellor and to all those in the Treasury and convince them that we need either to freeze beer duty or to let it rise only in line with inflation rather than at inflation plus 2%, she will be able to provide an enormous boost not just to British breweries and British beer but to the great British pub. I am quite sure that, if my hon. Friend can achieve that, when she next enters the pub every punter will be raising their glass to the Boadicea of British beer.

Oral Answers to Questions

Andrew Jones Excerpts
Tuesday 24th January 2012

(12 years, 10 months ago)

Commons Chamber
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Danny Alexander Portrait Danny Alexander
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No, I will certainly not say that, not least because youth unemployment rose by 40% when the Labour party was in government. I hope that the hon. Lady will welcome the youth contract that we announced, which is a great deal more ambitious than the package put forward by her Front Benchers; the Work programme, which is delivering real results for people up and down the country; and the investment in child care that will help women to go out to work, as well as men. Those are all things that help people to find work in these very difficult times.

Andrew Jones Portrait Andrew Jones (Harrogate and Knaresborough) (Con)
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T3. I warmly welcome the work being done by the Office of Tax Simplification, but does the Exchequer Secretary agree that we can do more to boost tax transparency, for example by providing all taxpayers with an annual statement on how their hard-earned tax pounds are spent?

David Gauke Portrait The Exchequer Secretary to the Treasury (Mr David Gauke)
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My hon. Friend raises an interesting point. In November, the Government and Her Majesty’s Revenue and Customs published a consultation paper on exactly those lines, and I very much look forward to the ten-minute rule Bill that my hon. Friend the Member for Ipswich (Ben Gummer) will introduce tomorrow, which makes that proposal. We should all agree that we should do everything that we can to make tax and spending as transparent to the public as possible.