16 Ben Spencer debates involving HM Treasury

Mon 13th Jul 2020
Stamp Duty Land Tax (Temporary Relief) Bill
Commons Chamber

2nd reading & 2nd reading & 2nd reading: House of Commons & 2nd reading

Better Jobs and a Fair Deal at Work

Ben Spencer Excerpts
Wednesday 12th May 2021

(3 years, 7 months ago)

Commons Chamber
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Ben Spencer Portrait Dr Ben Spencer (Runnymede and Weybridge) (Con)
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There are so many aspects of the legislative agenda set out in the Gracious Speech that I would like to speak to, but underpinning all of them is the need for a strong economy and investment in the jobs and skills that are its foundation. In the past year, I have seen businesses close and people lose their jobs as a result of the pandemic, and our priority is rightly to get people back into work. We have supported people with furlough and a range of other schemes including universal credit, but furlough must come to an end, and in-work benefits such as universal credit rely on a buoyant job market where everyone has the opportunity to get a job.

Even before the pandemic, automation and technological advances showed that it was difficult to predict the future of work, so our workforce needs to be nimble. I welcome the Government’s commitment to prioritise education and access to skills and training. Enshrining the lifetime skills guarantee in law will ensure that education does not stop at school, so that everyone has the opportunity to achieve their potential, not only improving lives but creating a skilled and flexible workforce that attracts business and drives continued growth and prosperity.

I shall digress for a moment and turn to health, which, as Members know, is an area close to my heart. I remind the House of my previous employment as a doctor and of my wife’s current employment as a doctor. Our proposals rightly drive forward the reforms we need in the NHS and in mental health care, but I say again that there are few interventions better than getting someone into work to improve their physical and mental wellbeing. It is through jobs and a thriving economy that we create the funds to invest in our public services, to fund the ongoing improvements in St Peter’s Hospital, to rebuild the Weybridge health centre, to train up more nurses and doctors and to invest in the science and research that drive medical advances.

Turning to science and research, next week I will get my covid vaccine. Surely we need no better example of the critical and central role science plays in our society than the covid vaccination programme. Science and innovation drive progress, and it is through our commitment to supporting and investing in research and development that we provide jobs and opportunities for the future. This allows us to tackle the great challenges of our day such as climate change, where our commitment to innovation is driving efforts to develop new biofuels supporting jet zero. This is not only directly attracting investment in jobs in R&D itself but supporting sustainable aviation, which many jobs and businesses in Runnymede and Weybridge rely on.

In fact, my constituency of Runnymede and Weybridge is a great example of the opportunities available when we combine great people, great business and great infrastructure, but the vision set out by the Government improves even on this. Our investment in infrastructure, both digital and physical, will create better connectivity and the conditions for growth, and I look forward to the roll-out of ultrafast broadband, as well as to improvements to our road and rail networks. That will support our SMEs, providing local employment that will in turn increase footfall to local high streets, creating even more jobs and strengthening our vibrant and close-knit communities.

Covid-19: Economy Update

Ben Spencer Excerpts
Thursday 22nd October 2020

(4 years, 1 month ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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The hon. Lady is right to highlight the particular importance of good-quality childcare, which, as she said, enables mums to be able to protect their employment. I am happy to look at the specific suggestion that she mentioned, but I think that we have recently made—in the previous Budget and before—some changes to the operation of tax-free childcare, so that it is more available to more people. She is right that the take-up has not been what was forecast, which is why we put the changes in place to broaden the approach and broaden the eligibility for it, but I am happy to look at her specific suggestion.

Ben Spencer Portrait Dr Ben Spencer (Runnymede and Weybridge) (Con)
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I thank my right hon. Friend for the provisions announced today, which I very much welcome. My constituency is partly in tier 1 and partly in tier 2, and I especially welcome the support for tier 2 areas, but also across the board into tier 1. Many constituents who work in the wedding and events sector, or across its supply chains, have contacted me with difficulties due to restrictions, uncertainty and a drop in trade. Can my right hon. Friend confirm that today’s announcement will also support the events sector and, crucially, those working across its supply chain?

Rishi Sunak Portrait Rishi Sunak
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It is precisely because we took a generous and universal approach to eligibility for the job support scheme, with its new generosity, that supply chains of all affected industries will be able to benefit. There were some calls that it should only be targeted at those in tier 2 areas, or, for example, only those in hospitality. We have taken the decision to ensure that the new job support scheme, with its new generosity, is available to all employers and all employees wherever they are in the UK. I think that will be of benefit to the industries and businesses that my hon. Friend mentioned.

Covid-19: Disparate Impact

Ben Spencer Excerpts
Thursday 22nd October 2020

(4 years, 1 month ago)

Commons Chamber
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Kemi Badenoch Portrait Kemi Badenoch
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As I said earlier, the Government really take seriously the outcomes for those with disabilities. There is a lot of work happening across Government, across very many Departments. We are not leaving anyone behind; we are making sure that support is available, not just at national level through support schemes, but through local authorities and through the Department for Work and Pensions locally. If the hon. Lady wants more information, I am sure that this is something I can write to her about. I do not have the full information to hand, but I know that there is a lot of work going on across Government.

Ben Spencer Portrait Dr Ben Spencer (Runnymede and Weybridge) (Con)
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I thank my hon. Friend and welcome this incredibly important ongoing work. Does she agree with me about the importance of using science to determine individual risk as a way to help people make informed decisions about their lives and their work?

Kemi Badenoch Portrait Kemi Badenoch
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Yes, absolutely; it has to be evidence-led. Everything that we are doing in the Equality Hub is evidence-led. We have a real focus on data, to ensure that we base our decisions on what is actually happening and do not take them for reasons of politics or other things that are not science-based. I completely agree with my hon. Friend; I do not think there was anything to disagree with in what he said.

Stamp Duty Land Tax (Temporary Relief) Bill

Ben Spencer Excerpts
Ben Spencer Portrait Dr Ben Spencer (Runnymede and Weybridge) (Con)
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It is a pleasure to follow my hon. Friend the Member for Bracknell (James Sunderland).

I am delighted that the Government are bringing forward changes to cut stamp duty, to scrap it entirely on homes under £500,000 and to raise the threshold at which it applies. I have spoken to estate agents in Runnymede and Weybridge and they are concerned for the next 12 months. A cut in stamp duty will help people to buy their own home and support the housing sector.

But any intervention in the housing market is difficult. The housing market is already highly distorted and the broader measures we need to fix it are not easy, given the relatively inelastic supply of housing and the fact that the market is in fact several markets, formed of those who buy to live in their own home, those who buy as an investment and those who buy to let or as a business. And of course people often want to buy for several of those reasons and then need to change.

Chewing over how to fix the housing market more broadly is beyond the scope of this debate, but for any market to function effectively it must be free from substantial barriers to transactions. Given the costs involved in buying a house, any stamp duty that is calculated as a percentage of sale price will lead to large duties owed and transactional disincentives. The measures we are debating today will increase the turnover of house sales and improve mobility, supporting people who want to downsize and freeing up houses for young families, enabling more people to own their own home. This will support all the industries linked to housing and create and support jobs. I am perplexed to hear Opposition Members say that they believe that generating economic activity will not support and create jobs. I would love to hear the conversations they have with the lawyers and conveyancers when they say that more houses being bought and sold will not lead to more work and will not lead to more people wanting to refurbish their bathroom or whatever.

This Government have put in place a world-leading package of measures in response to coronavirus and while I welcome these bold changes I ask Ministers whether we can be just a little more bold, and not just cut stamp duty, but scrap it entirely. Stamp duty puts the brakes on the turnover of house ownership. It prevents mobility and, perversely, locks capital into housing as a result, with the arbitrary thresholds for different rates providing further market distortions. How can we aspire to home ownership while at the same time taxing those merely for buying? Taxes are often used to disincentivise behaviour—the tax on tobacco and the introduction of a sugar tax, for example—but the housing market is the only example I can think of where a tax is applied to behaviour, such as buying a house, that the Government want to support people to do. Indeed they have put in other incentives to enable people to buy a house, such as Help to Buy and shared ownership. Across Runnymede and Weybridge people have shown me that, while covid has posed challenges, it has also demonstrated opportunities for change and improvement. So I thank the Chancellor for these changes, but ask him to go even further and stamp out stamp duty entirely for home ownership.

Economic Outlook and Furlough Scheme Changes

Ben Spencer Excerpts
Tuesday 16th June 2020

(4 years, 6 months ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

Each Urgent Question requires a Government Minister to give a response on the debate topic.

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Jesse Norman Portrait Jesse Norman
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We are of course looking closely at other countries to see if they are doing things from which we can learn and benefit. I would have some doubts about a scheme that went on as long as that precisely because we need to return businesses and people working in them to normality as swiftly and safely as we possibly can. This might have the effect of counteracting that, but the point is well made and we will continue to review these alternative arrangements.

Ben Spencer Portrait Dr Ben Spencer (Runnymede and Weybridge) (Con)
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Many of my constituents, such as those working in the creative industries, navigate between self-employment and PAYE—working, yet not qualifying for either scheme. Given that we are extending our support schemes, will the Minister look into how we can support those who, due to nimble working practices as part of a flexible workforce, miss out on both schemes?

Jesse Norman Portrait Jesse Norman
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I recognise that there are some people in that situation, and it is very unfortunate that they may not be able to qualify for either scheme. To be clear, that would mean that they could not have been on a PAYE scheme within the past three years, as described by the rules, or indeed qualify under the self-employment scheme for other reasons. However, we take the point that my hon. Friend makes. We have discussed this in detail and I have explained to the House, again in some detail, why it is hard to reach those people, but we continue to look at that very closely.

Covid-19: Economic Package

Ben Spencer Excerpts
Tuesday 12th May 2020

(4 years, 7 months ago)

Commons Chamber
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Ben Spencer Portrait Dr Ben Spencer (Runnymede and Weybridge) (Con)
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I welcome the world-leading package of measures that we are providing to support livelihoods and businesses through this pandemic, which is helping a huge number of people in Runnymede and Weybridge. Aviation is crucial to my constituency due to our proximity to Heathrow, and many constituents have contacted me who are employees of not just BA but logistics firms and others associated with the aviation industry. Getting our planes flying again is crucial to our economy through air freight and just-in-time supply lines. Does my right hon. Friend agree that, in addition to direct support for the carriers and industry, we need to get planes flying again as soon as possible?

Rishi Sunak Portrait Rishi Sunak
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I know that my hon. Friend is rightly focused on that issue for his constituents, given the location of his constituency. Of course, aviation has been impacted considerably by this, but he is right; the best way to help, in the end, is for us to find a way to control this virus, live with it and reopen those parts of our economy that are currently closed. That is the best long-term way to provide the support to the industry and his constituents that we all want to see.