(1 day, 19 hours ago)
Commons ChamberI know that the right hon. Gentleman is honourable, and he may wish to reflect on his opening remark, because that was not his normal style at all. As for his question about finances, it is clear that a financial element was vital to securing a deal to protect the operation of such a vital base over the course of 99 years. If we do not pay—I will say it again—someone else will. Our adversaries would jump at the chance to establish outposts on the outer islands. There has been a lot of inaccurate speculation about the cost of this treaty.
I genuinely appreciate the opportunity that the Minister has given me to speak about this matter, but I want to clarify a point. She has said this a couple of times now, and I want to understand. She keeps saying that if we do not pay, someone else will. Who would be the recipient of that payment, given that the Chagos islands are British sovereign territory? Is she suggesting that another country would pay us? Why would another country pay Mauritius? The Chagos islands do not belong to Mauritius.
I know that the right hon. Gentleman understands full well that this is because of the legal uncertainty that is created by the current situation. That has been recognised time and again. It was the reason his Government engaged in 11 rounds of negotiations, and it is why there is this problem. I am surprised that Conservative Members are so unconcerned about the contestation that we see in that part of the world, and the need for our country’s interests to be put first.
No, I will not take another intervention from the right hon. Gentleman. My response was very clear.
On the subject of inaccurate speculation about the cost of the treaty, Prime Minister Ramgoolam has confirmed that the reports of a doubling in value are completely false. The overall cost of the deal has not changed from that negotiated with the former Mauritian Prime Minister. There have been some changes in the financial arrangements—
(2 days, 19 hours ago)
Commons ChamberI am grateful to my hon. Friend for that important question. We have been working closely with Egypt, which has sought to support many of those requiring medical assistance. Across Government we continue to look carefully at this issue, but Gazans need healthcare support in Gaza, and the UK Government have been supporting that.
As I am sure those on the Treasury Bench know, soft power and diplomacy are most effective when they are backed up by hard power. When will the Government commit to spending 3% of GDP on defence, to make sure that we have a real voice at the international table to encourage European countries to increase their defence spending?
(7 years, 4 months ago)
Commons ChamberMy hon. Friend is absolutely right. I will respond to her point in a few moments, but it is a very important one and we must not overlook it.
We have had a jobs boom over the past few years, in stark contrast to many other developed economies around the world and across Europe, which has struggled. In particular, in the UK, which is dominated by small and medium-sized enterprises and, indeed, microbusinesses, which often have only one or two principals and one or two employees, it is important that we continue to give confidence to those businesses, many of which do not have a large administrative back-office function. That is often the case, as it was in the business that I started. I was doing the client interaction and sales, and a colleague of mine was doing the journalism side of the business, but we were also the accountants and the HR department. To give confidence to small and microbusinesses that they can employ people, it is incredibly important that everything to do with employment is as simple and transparent as possible.
At the moment, the tax treatments around severance payments are very competitive. Depending on the combination of events, the payment can be taxed any one of a number of ways. Although I did not speak about this set of clauses on Second Reading, I did welcome the Bill, and I welcome this general move to simplify, to clarify and to give small businesses in particular—although of course this affects businesses of all kinds—the confidence to employ people, knowing that the HR and financial treatment around that employment will be as simple as possible.
The Opposition spokesman kept talking as though severance payments were not taxed at the moment, and of course they are. They are taxed—
Above the £30,000 threshold, there are tax treatments. Through the Bill, the Government are seeking to make the treatment of the figure above £30,000 most important and straightforward—[Interruption.] I absolutely welcome that.
Yes, but at the moment it is £30,000, and that is what it says here—[Interruption.]