Charlie Elphicke
Main Page: Charlie Elphicke (Independent - Dover)Department Debates - View all Charlie Elphicke's debates with the HM Treasury
(7 years, 4 months ago)
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John McDonnell
We talk about people being left behind, but it is whole communities across the country that have been left behind.
Charlie Elphicke (Dover) (Con)
The right hon. Gentleman is making the case for spending more money. His party’s manifesto included pledges to spend billions more, and that money would be borrowed. What does he have to say to homeowners who would face higher interest rates as a result of his policies?
John McDonnell
By wanting to invest for the long term to turn our economy around and grow it, I was following the advice of a whole range of economists. I also took into account advice that was provided to us from quite a surprising source:
“Now is a good time to invest in genuinely productivity-enhancing infrastructure, and to take advantage of low borrowing costs and our ability to borrow”—
that was the Chancellor of the Exchequer.
Is it something to be proud of that the UK is the only major developed country that has seen economic growth but falling wages? Yesterday we had the absolute chaos of W-turns, S-bends or whatever they have been described as from No. 10 and the Treasury over hints that the pay cap was to be scrapped. It was a disgrace that the coalition of the Tories and the Democratic Unionist party last night voted down our amendment to support public sector workers simply securing a fair pay rise. I will be happy to give way to the Chancellor if he will confirm whether the pay cap is to be lifted and if public sector workers will now get a fair pay rise. Would he like to respond? No. We need that assurance as soon as possible. Ministers are quick to praise the devotion and bravery of our emergency services in the aftermath of tragedies, as we have seen in recent weeks, but last night they could have extended their generosity to giving those brave, conscientious men and women the decent pay rise that many of them need if they are to be lifted out of poverty.
Mr Hammond
I will give way one more time, to the hon. Member for Na h-Eileanan an Iar (Angus Brendan MacNeil)—and then I will give way to a couple of my hon. Friends.
Mr Hammond
I am happy to give way to my hon. Friend the Member for Horsham (Jeremy Quin).
Mr Hammond
As I have already said, it is clear that reducing the corporation tax rate has led to a flow of investment and the creation of millions of new jobs, which I welcome. That is the way forward for this country, not the obsolete 1970s policies of the Labour party.
Charlie Elphicke
The Chancellor is being incredibly generous in taking interventions. Obviously we will be leaving the European Union in two years’ time. He hopes for a transitional deal, and we all hope that it goes smoothly and well, most of all on the Dover frontline. Does he agree that it is important that Her Majesty’s Revenue and Customs and the Government are ready on day one for the challenge and for every eventuality?
Mr Hammond
My hon. Friend is absolutely right. We do not know what the outcome of our negotiations with the European Union will be, but we have to be prepared for every possible eventuality, particularly at the port of Dover. I hope that when hon. Members across the House look at the great repeal Bill, which will prepare us to deal with whatever situation we find ourselves in in March 2019, they will think carefully about that situation.
Kirsty Blackman
I am going to make some progress.
Nothing in the Queen’s Speech or in the fiscal or monetary policy direction will alleviate the problems people are facing. We demand that in order to stimulate growth the UK Government invest in infrastructure and public services—not just in Northern Ireland, but across the nations of the UK. This morning, the Institute of Government released a report that said that
“weak processes are leading to the wrong projects and contested decisions, wasting both government time and taxpayer money.”
The UK Government need to improve the systems in place to make infrastructure decisions so that the right ones are prioritised.
We demand that the UK Government properly secure the rights of EU nationals. Given that those who choose to live here unarguably contribute to reducing the deficit, reducing immigration will hit the public purse. The lack of access to workers will also cause issues for many industries—I know that the Chancellor is pretty onside with that argument.
Charlie Elphicke
My concern, and I think that of many of us on the Government Benches, is that a massive increase in public sector debt will cause interest rates to rise, which will then put pressure on families who have too much household debt. That is why it is really important that we act with fiscal prudence—to keep interest rates down.
Kirsty Blackman
What we are proposing is not a massive increase in public sector debt, but targeted public sector spend in order to increase economic growth.
We demand that the UK Government put in place a proper living wage—a living wage that people can actually live on, not a pretendy living wage. We also demand that the living wage is in place for those aged 18 and above, not just for those who are over 25.
Charlie Elphicke (Dover) (Con)
It is a pleasure, as ever, to follow the hon. Member for Streatham (Chuka Umunna). He and I were both on the remain side of the EU referendum campaign. I accept the determination of my constituents, who voted to leave the European Union, and that it is incumbent on me, this Parliament and this House of Commons to do our very best to make a success of leaving the EU, rather than simply hoping that it will all go away. Whether we like it or not, we have to implement the democratic mandate.
Streatham, of course, is a long way from the frontline of Brexit, but Dover, which I represent, is on that frontline. For centuries we have been the gateway and guardian of this kingdom. It is at Dover that our border security matters most. Dover is the gateway to Europe and, indeed, to England. That is why it is so important that we make sure that Brexit is a success and that we plan now, so that on day one of leaving the EU we are prepared for every single eventuality.
As we have heard, the Chancellor hopes that there will be a transitional agreement, and so do I. I hope that we will have a smooth and easy move out of the European Union—I hope it will all go really well—but we need to be prepared for every single eventuality. Let us not hope that it will all go wrong, but hope that it will all go right. Let us do our bit to make sure that it goes right, because it is our countrymen and women, and our children and their children, who will suffer if we do not.
That is why it is so important that we are ready on day one, and why I have gone to great lengths and efforts with industry groups, including the port of Dover, the Road Haulage Association, the Freight Transport Association and many others, to consider how we can make sure that customs arrangements work as we leave the EU, so that we are prepared for every single eventuality.
We need to make sure that, whatever happens, our economy remains strong and that it works not just for big business and establishment institutions, but for everyone in this country, because too often it has not. We need to consider restructuring things. How do we get our kids the finance to get on the housing ladder? How do we ensure that all that money tied up in buy-to-let goes into the real economy and gets invested in business and enterprise so that we have a more efficient and productive economy and give the nation a pay rise as well as more jobs?
How do we ensure that the economy is fair? It is an affront, is it not, when a cleaner pays more in tax than the big business whose offices she cleans? That is why I have spent so much time since I was elected to the House making the case that the tax system should be fair and that everyone should pay their fair share. That is important and it is an affront when it does not happen.
We need to make sure that the least well-off have fair access to finance, that they are not preyed on by payday lenders or by banks charging egregious fees, and that they have access to branches in their own communities.
Finally, we need a resilient economy, by which I mean not just that it needs to be a success on the Dover frontline from the point of view of Brexit; we need an economy that works for the whole country, and economic policy that leads to a renaissance in the regions and success for the whole country.