Oral Answers to Questions
Debate between Deidre Brock and Victoria Atkins(1 year, 9 months ago)
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Deidre Brock (Edinburgh North and Leith) (SNP)
Researchers at Warwick University and the London School of Economics estimate that the non-dom regime denies the Exchequer about £3.2 billion per year. Why did the Chancellor not take steps to abolish that in last week’s Budget, instead of creating more hoops for universal credit claimants to jump through?
The Financial Secretary to the Treasury (Victoria Atkins)
We have looked very carefully at this, because we know that many in the House have been citing this figure. What concerns us about that analysis is that the study does not appear to take into account the behavioural ramifications of changing the current regime or of making it less competitive than that of our international partners. We do have to remind ourselves that non-domiciled taxpayers pay UK tax on their UK earnings to the tune of £7.9 billion.
Oral Answers to Questions
Debate between Deidre Brock and Victoria Atkins(6 years, 7 months ago)
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Victoria Atkins
Mentoring is just one way, and there is a lot of evidence to suggest that sponsorship is very successful in driving women up the career ladder. That is precisely why the Hampton-Alexander review has given help through the Women’s Business Council and the toolkit. We have encouraged businesses to sponsor women within their organisation and to engage CEOs and other senior business leaders as change agents in championing the change required.
Deidre Brock (Edinburgh North and Leith) (SNP)
The Scottish Government have delivered a returners programme to assist women to re-enter the workforce following a career break. Will the UK Government consider doing something similar to ensure that women in England and Wales continue their career progression towards the highest levels of business?
Victoria Atkins
Indeed. We have a scheme for exactly that. At the moment, we are looking at how best to spend that money, and I have a particular focus on teachers and social care workers to see if we can encourage them back into their professions. There is a much bigger challenge here for the private sector to make sure that women who have taken a break for caring reasons are encouraged back into the workforce, because we know that financial independence is a critical factor in making sure women have successful lives.