Carolyn Harris
Main Page: Carolyn Harris (Labour - Neath and Swansea East)Department Debates - View all Carolyn Harris's debates with the HM Treasury
(2 years, 5 months ago)
Commons ChamberYouth unemployment is lower today than it was pre-pandemic, and the wider success of the scheme has to be judged in the context that the worst-case scenario that we were looking to offset never came to pass because of the interventions that we made. If a scheme does not achieve the headline numbers that were anticipated at the time it was established because the wider economic performance of the country was so much better than anticipated, that is a success, not something to bemoan.
Gambling contributes over £3 billion per annum to the Exchequer. The Government keep gambling duties under regular review to ensure that the sector continues to pay its fair share. The Department for Digital, Culture, Media and Sport is reviewing the Gambling Act 2005, after which the Government will assess the impact of any reforms on the Exchequer.
Analysis carried out by both NERA Economic Consulting and Landman Economics concluded that, given that online gambling is “labour intensive” and predominantly based offshore in avoidance of UK corporation tax, its net impact on the British economy is negative, particularly once the direct cost to Government, estimated by Public Health England to be £647 million, is factored in. Will the Government support the upcoming reviews of gambling regulation—the Minister said it is under active consideration—and welcome any moves to reduce gambling harm and the associated cost to society and the economy?
I know that the hon. Lady is a committed campaigner on gambling as chair of the all-party parliamentary group on gambling related harm. Specific to her point about offshore gambling operators, I am sure that she knows that since 2014 gambling duties have been taxed on a “place of consumption” basis, so offshore operators pay taxes on profits related to UK gambling.
To the broader point of the gambling review, I spoke to the Under-Secretary of State for Digital, Culture, Media and Sport, my hon. Friend the Member for Croydon South (Chris Philp), who is leading DCMS’s work on gambling, just yesterday, and I assure the hon. Lady that the Government stand ready to take action where there is evidence that vulnerable people, such as those suffering from gambling addictions, are being exploited by gambling operators.