Chris Elmore
Main Page: Chris Elmore (Labour - Bridgend)Department Debates - View all Chris Elmore's debates with the Leader of the House
(6 years ago)
Commons ChamberThe hon. Gentleman will be aware that a cap was put on payday lending interest rates, although I would sympathise with him if he were to say that it is still too high; this is a genuine problem. The Government has done as much as possible to facilitate new entrants to the lending market. The Budget debate will be a good opportunity to raise this matter directly with Ministers, and I encourage the hon. Gentleman to do so.
Many constituents have raised with me in recent days their dismay at the amount of tax being paid by online giants, with reports suggesting that Facebook will only be paying £7.4 million in tax. My constituents and the constituents of the Leader of the House all pay their tax, so can we have an urgent debate to ensure that these online giants start paying their taxes? Will she also press the Chancellor to ensure that he addresses this matter in the Budget in 10 days’ time?
All hon. Members will be very sympathetic to the hon. Gentleman’s point. We all agree that it is only fair that online businesses pay their fair share of taxes. The Chancellor has already made some warm noises towards addressing this issue, and I will remind him that the hon. Gentleman has raised it today.