(6 years, 3 months ago)
Commons ChamberThe Chancellor is shaking his head. Fair enough. The right hon. Member for Hayes and Harlington (John McDonnell) has registered his point. Knowing the hon. Member for Bolsover as I do, I very much doubt he will lose any sleep over it.
Further to that point of order, Mr Speaker. The only thing I would say to the Chancellor is why doesn’t he answer the question? It is pretty clear that he knows the Tory county council has played a blinder by throwing people out of work. That tells you a lot about this economy.
(6 years, 3 months ago)
Commons ChamberFor the past hour, we have heard everyone on the Treasury Bench spouting about this wonderful situation that they are in, with money to burn. Why then has Tory-controlled Derbyshire County Council’s first decision been to close 20 libraries and cut the hours of every librarian in the county? What is the Chancellor doing to stop it?
I suggest that the hon. Gentleman either has a hearing test or relies on the Hansard of this session, because he has misheard what we have been saying today.
(7 years ago)
Commons ChamberUrgent 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.
This information is provided by Parallel Parliament and does not comprise part of the offical record
First, we were able to make sure that we stuck within our fiscal rules at the Budget, making sure that debt is falling as a proportion of GDP for the first time in 13 years, and keeping within our deficit targets. At the same time, we were able to freeze fuel duty to help ordinary working people, who need to keep their living costs down. We were able to do all those things. The reality is that, as we leave the European Union, we will no longer be paying those vast sums in, and that will represent a benefit to the taxpayer.
Is the Minister aware that 70% of the people who voted in Bolsover voted to leave? But let me also say this to her: those same people in Bolsover, I believe, would expect me to tell the right hon. Lady from the finance Department that if the Government have £60 billion to spare, it should go to the national health service and social care.
The hon. Gentleman will be well aware that, as part of last week’s Budget, we were able to put additional money into the national health service—into hospital capital and making sure we hit our A&E targets—and we are also allocating money to help with nurses’ pay. The hon. Gentleman will no doubt be pleased about that.
(7 years, 1 month ago)
Commons ChamberUrgent 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.
This information is provided by Parallel Parliament and does not comprise part of the offical record
I cannot comment on a specific tax structure put to me in these questions, other than to say that if it falls foul of our very rigorous disguised remuneration arrangements—some of them are being put in place by the latest Finance Bill—the people involved should clearly expect to receive a hand on the shoulder from HMRC.
Does not the publication of these papers show us that this Government are more concerned with hounding disabled people applying for PIP and ESA and taking their disabled motors away from them than with concentrating on the real people dodging paying tax who, as revealed in these papers, are close to the Conservative party? Sort it out!
The hon. Gentleman overlooks a simple fact: this country has one of the most progressive tax systems in the world, with the wealthiest 1% of income tax payers paying no less than 28% of all income tax. As I mentioned earlier, £2.8 billion has been raised from the wealthy who may have been trying to avoid paying their tax. That is a far stronger record than that of the Labour party.
(7 years, 8 months ago)
Commons ChamberWe are making real progress in realising our holdings in the banking sector. We continue the programmed sale of our shareholding in Lloyds, which is now down from 43% to less than 2%. Just last month, we sold £12 billion of Bradford and Bingley mortgages in a highly competitive process. The Government are not at present actively marketing their stake in RBS. Our policy remains to return the bank to private hands as soon as we can achieve fair value for the shares, recognising that fair value could well be below what the previous Government paid for them. We must live in the real world and make decisions on the future of our holding in RBS in the best interest of taxpayers.
In the real world, seven years ago, a Tory Chancellor stood at the Dispatch Box and said that we had to cut the money to every single local authority in Britain by up to 40% because we needed to get rid of the deficit. Now, seven years later, that deficit is still more than £60 billion. Will the Chancellor apologise to the people of Britain for that lousy mistake?
That deficit is still £60 billion, but it was £200 billion when we started working on it.
(8 years, 1 month ago)
Commons ChamberIs the Chancellor of the Exchequer aware that his predecessor introduced a scheme that was based on robbing Derbyshire County Council of £155 million in cuts and promising to give it less than 20% of that money back? No wonder the people in Bolsover marketplace do not call it the northern powerhouse; it is the northern poorhouse.
I know that my right hon. Friend the Secretary of State for Communities and Local Government will want to look at the allocation of funding to local authorities, including Derbyshire County Council. As the hon. Member for Bolsover (Mr Skinner) will know, there are many powerful advocates for Derbyshire on both sides of the House.
(8 years, 6 months ago)
Commons ChamberFirst of all, may I say that I have an awful lot of time for my hon. Friend normally, but that I disagree with the points he makes? On trading arrangements, it is impossible to see how we could negotiate a trading arrangement as strong as the one we have at the moment. Access to the single market and its benefits, particularly in the context of non-tariff barriers, is very important. We would undoubtedly be a less open economy as a consequence of leaving the EU.
On the report and trying to scare people, it is worth pointing out the Treasury’s assumptions and what the Treasury is not suggesting is underlying what will happen. We are not putting forward a view that there will be an immediate financial crisis—for example, a current account crisis. We are saying that we can reach a deal within two years, which, I have to say, is ambitious. We are not saying, under the shock scenario, that there would be any economic contagion as a consequence of the UK leaving the European Union. If we wanted to put a much more dramatic, scary report together, there are a number of things we could have included in the report, but simply did not. This was a cautious, careful, small “c” conservative report, which, as I say, has been signed off by perhaps the leading authority in this area in this country.
Isn’t the premise that the Treasury spokesman is trying to convince people of the one that the economy under this Government is doing exceptionally well? In reality, of the many people who have a job, several million are on zero-hours contracts and do not know which way to turn. A hell of a lot of people are now borrowing money on loans they cannot afford and many people are going to food banks to make ends meet each week. The whole idea the Treasury announcement is trying to convey is that everything in the garden is lovely but that that will all be thrown away if we do something else. The truth is that it is based on a phony premise.
The hon. Gentleman and I differ in our assessment of the state of the UK economy, but whether he takes his view or I take mine, in neither case would our economy and our constituents benefit from pursuing a policy that would increase unemployment by 500,000 and see average wages fall by nearly £800. I hope he considers the impact that leaving the European Union would have on his constituents.
(8 years, 8 months ago)
Commons ChamberLet me press on if I can.
We need serious action on enforcement. We need not central registers but, as Christian Aid and others are calling for, full public registers accessible to all, including journalists and other businesses, if we are going to curb the activities exposed in the Panama papers. This package of measures is Labour’s tax transparency and enforcement programme. We believe that it offers a sound basis to take the first necessary steps against avoidance and towards openness and transparency. We are presenting it today as we want to see immediate effective action.
This is a test of leadership. The leadership of the Conservative party could take this opportunity to correct the series of errors that it has made. It could join us today in taking effective steps towards dealing seriously with avoidance. People want to see the Conservatives take these steps. Otherwise, they will rightly stand accused of siding with the wrong people and of being the party of the tax avoiders. Incidentally, it was not long ago that the Chancellor of the Exchequer appeared on television to give advice on the “pretty clever financial products”, as he described them, that would allow the wealthy to dodge inheritance tax.
Don’t tempt me, Mr Speaker.
Some of the Conservative party’s Back Benchers believe that tax avoidance is a sign of success. The party’s donors are named in the Panama papers, and the Prime Minister himself is a direct beneficiary of a scheme set up in an offshore tax haven through his prior ownership of Blairmore Holdings shares.
The Panama leaks have presented a stark political choice. Do we continue to allow a system of corruption and avoidance, or do we now take the action necessary to restore fairness to our taxation system and to correct the abuse of democracy? That is the challenge, and the choice, ahead of us. I urge the Government and all Members of this House to join us in a serious programme of work to tackle the abuse of our tax system. The Government can make a start by supporting our motion today and adopting Labour’s tax transparency enforcement programme. I commend this motion to the House.
(8 years, 10 months ago)
Commons ChamberUrgent 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.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Again, I cannot comment on that—in large part because I am not privy to information that is not in the public domain—but I can say that an inquiry has been in place for some years and that it has now reached a conclusion. The consequence of the conclusion of that inquiry is, as Google has stated, that an additional £130 million is being paid to the Exchequer. Google has also made it clear that it has made changes in how it structures some of its arrangements, and that will obviously have an implication for future tax liabilities.
Why, on the one hand, should Italy put in a claim for £1 billion from Google while Britain, on the other hand, is prepared to settle for a paltry £130 million? It is not very good for Cameron, is it?
(8 years, 11 months ago)
Commons ChamberAs my hon. Friend knows—he is a real champion not just of Carlisle, but of Cumbria and the Cumbrian economy—we are working with local authority leaders and other elected representatives on whether we can have a new governance arrangement in Cumbria, which might include an elected Mayor. This is a decision for Cumbria, of course, but it has come to us with this proposal, and we are working hard with the people of Cumbria to see whether we can get an arrangement that boosts jobs, boosts investment and makes sure that decisions that affect Cumbria are taken in Cumbria.
Does the northern powerhouse occur in Redcar where the steel industry has been closed because of the Chancellor allowing the Chinese to dump steel? Are they talking about the northern powerhouse at Scunthorpe, where they have lost more than a thousand jobs? Are they talking about it at Port Talbot, where they are going to lose a lot more jobs? The truth is that they do not talk about the northern powerhouse in the coalfields where the Tories have shut the last three pits. They call it the northern poorhouse. That is its real name.
The hon. Gentleman seems to forget that the Redcar works first closed under the Labour Government that he supported. It is also the case that during that Government, which he supported from the Government Benches, the number of steel jobs lost in this country was 30,000. We are doing everything we can to preserve the steel jobs that remain. We are working with the steel industry. We have acceded to almost all its requests, and we are looking at the last remaining one, which is changes to business rates—again, something that never happened under a Labour Government. We will report on that at the Budget. We are working to make this the competitive place to do business, and if we adopted the policies of the Opposition, where dividends are not paid to investors and flying pickets are reintroduced, do they really think that a single overseas investor, such as Tata Steel, would be expanding their business in the United Kingdom?