(5 months, 1 week ago)
Commons ChamberI thank my right hon. Friend for his advocacy in support of families. We have had conversations, and I know that he very much welcomes the changes to the high-income child benefit charge and child benefit. We always keep taxes under review, and I am always delighted to meet him.
Does the Chancellor accept that he has caused a great deal of anxiety and further distrust among those who have been infected and affected by the contaminated blood scandal by not making any provision in his Budget for compensation, although the recommendations for compensation were made to the Government last April?
I gently say to the right hon. Lady that I stand by every word I said when I gave evidence, twice, to the infected blood inquiry. The Government have an absolute moral responsibility, not just to pay the compensation owed, but to pay it as speedily as possible.
(6 months, 1 week ago)
Commons ChamberThe economy is in recession and the consequences for the public finances are not the fault of those people infected and affected through the contaminated blood scandal, the largest treatment disaster in the NHS. I was hoping to ask the Chancellor this question, but can the Minister confirm whether money has already been ringfenced to pay compensation to those people, as set out in the final recommendations on compensation by Sir Brian Langstaff in April 2023?
I believe that the right hon. Lady asked a similar question of the Chancellor at the last Treasury questions, and the Chancellor responded by saying that he was absolutely clear about the need to compensate people in the way that she has described. He will update the House in due course and indeed update her with further details in response to her question.
(6 months, 2 weeks ago)
Commons ChamberI can tell my hon. Friend that 750 staff are employed across all Departments at the Darlington Economic Campus. The Treasury’s aim is to reach 355 full-time staff by March 2025, and we are on track to meet that target. The official name of the campus will be decided closer to the 2025-26 delivery date and will be consulted on by the Government Property Agency, but we have heard very clearly his suggestion of William McMullen House, and we will consider that in due course.
The Chancellor knows jolly well that in April 2023 Sir Brian Langstaff made his final recommendations on compensation for those infected and affected by the contaminated blood scandal. The Chancellor also gave evidence in July to Sir Brian and said that work was under way. In December, this House voted for a compensation body to be set up. I would like the Chancellor to answer my question, please, not a junior Minister, and explain exactly what is going on in the Treasury, what work is being undertaken and whether there will be an announcement in the Budget.
With great respect to the right hon. Lady, who has campaigned formidably on this issue, I do not think she is giving a fair representation of what the Government have done. I stand by every word I said as a Back Bencher, and as Chancellor I have tried to do everything I can to speed the process up. She has not mentioned that the Government have already given £100,000 to the families affected. We have accepted the moral importance of the duty to give compensation, and we will now work with colleagues in the other place to make her amendment workable.
(1 year, 3 months ago)
Commons ChamberI think that we have made commitments on the first phase. The Chancellor is considering the next steps further and will update the House in due course.
The Financial Times is reporting today that there have been meetings between the Treasury and the Department of Health and Social Care about compensation for victims following the infected blood inquiry. Will the Minister confirm that those meetings have taken place and who was present, and offer reassurance to those who were infected and affected that compensation will be implemented in full, as Sir Brian Langstaff has recommended?
I believe that the Minister for the Cabinet Office updated the House on this matter a couple of weeks ago, and I am sure that he will be keen to do so again when those conversations have taken place.
(1 year, 9 months ago)
Commons ChamberI assure my hon. Friend that I will absolutely do that. We have a little time, and I know that fuel duty is an important issue to him and many other colleagues.
The Prime Minister said he was going to deliver Northern Powerhouse Rail in full. With the Chancellor’s announcement this morning, Hull remains excluded from Northern Powerhouse Rail for the next 30 years, in stark contrast to the go-ahead on the Oxford to Cambridge line. Could the Chancellor just explain to me and my constituents why the last areas to see investment in infrastructure are the first areas to have it ruled when this Tory Government crash the economy?
As the hon. Lady knows, the economy has been growing faster than France, Germany, Italy and Japan over the last 12 years, so that is not a fair characterisation. What I am able to do, because of the difficult decisions we have taken today, is largely protect the capital budget, which means we can do more to improve infrastructure to Hull and other parts of England. That is the right thing to do. I would just say to her that if we did not take the difficult decisions we are taking today, we would never be able to improve our transport infrastructure. We do not want that, which is why we are taking difficult decisions that her party is not supporting.
(1 year, 10 months ago)
Commons ChamberThere is no more formidable an advocate of science and technology than my hon. Friend, and he knows that I also care very much about the sector. With respect to reassuring the markets, the most important thing is, as we said earlier, that there is no disagreement about the policies announced today. It is important for the markets to know that there is that consensus in the House.
Last month, the Prime Minister told the BBC in Hull that we would be included in Northern Powerhouse Rail despite not being included in the Government’s integrated rail plan. Was the Prime Minister wrong to say that?
I do not know, but I will write to the right hon. Lady.
(1 year, 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
That is why we have offered the energy price guarantee to businesses as well as to consumers, and why we are keeping corporation tax low at 19% rather than putting it up. Of course, that helps businesses of all sizes: any business making £50,000 a year or more in profit will benefit from the freeze in corporation tax. We do not yet know, as far as I am aware, whether the Labour party supports that position. The shadow Chancellor is sitting impassively, not giving any indication whether she supports lower taxes; I think the House would love to hear at some point what her views are.
Those are the things that we are doing to help businesses. Last night, we voted—the Labour party voted for it as well—to reduce the national insurance burden on businesses. That is the plan that we have to help businesses, and I am very proud to stand behind it.
I am very pleased to hear that the Chief Secretary has confidence in the Bank of England. The media are now reporting, for the seventh time, that the Bank of England has clearly linked the mini-Budget or UK-specific factors to the turmoil in the bond market. That includes, in the past hour, the Governor speaking to camera and to a room full of the world’s top banking chief executive officers in the US. Can the Chief Secretary explain to me why the Governor of the Bank of England is wrong and why he himself is right?
Obviously I am not in Washington and have not heard those comments. I am not going to speculate about what the Bank of England Governor may have said. We are working closely with the Bank of England Governor and other regulatory authorities to make sure that we navigate these globally volatile markets successfully, but in the long term what matters is continuing to grow our economy. That is what the Government’s plan will do.
(1 year, 11 months ago)
Commons ChamberJust to remind my hon. Friend, investment zone conversations are very much being led by the Secretary of State for Levelling Up, Housing and Communities, who I am sure will be engaging with the relevant councils. I would be happy also to talk to my hon. Friend about the opportunities that investment zones represent.
Can I take the Chancellor back to his party’s manifesto commitment on levelling up? What I want to know is: will the investment zones tackle the need for real infrastructure investment, for example, if he is really serious about growth, the need for electrification of the line to Hull, which was ruled out by the Conservative party’s integrated rail plan just last November for the next 30 years.? Will he look at that again, if he is serious about growth?
We are always looking at infrastructure projects and measuring their benefit to cost ratio. Investment zones are, of course, naturally allied to key bits of infrastructure and they have to be co-ordinated. That is one of the purposes of what we are announcing.
(2 years, 2 months ago)
Commons ChamberYes, I can. In a few weeks’ time I shall introduce to the House a financial services and markets Bill that will fundamentally reset the way that our financial services industry, which constitutes 10% of the economy, will be regulated into the future. That will be underpinned by strong, independent world-class regulators in the Prudential Regulation Authority and the Financial Conduct Authority, but with an obligation to look at competitiveness and global growth as a secondary objective. That is absolutely imperative. We must make sure that we have an economy that takes account of what is going on elsewhere and regulates accordingly.
In the coalition years, we heard from the Government about rebalancing the economy, and under Chancellor Osborne and the northern powerhouse, we were told that we were going to see the proceeds of growth fairly shared across the country. Will the Minister say something about the flagship levelling-up agenda, how it will be implemented when we face a no-growth economy, and whether the levelling-up agenda will really mean levelling down for everybody?
No, it will not. It will involve targeted investments across the country in schemes that will give us a lift in productivity and address the fact that under previous Governments, despite all the rhetoric, there was not that reset in investment across other parts of the country and we did not see the level of growth that was anticipated.
(2 years, 6 months ago)
Commons ChamberAs a former local government Minister, it gives me great pleasure to pay tribute to district councils and to the work of the District Councils’ Network. I do not know whether John Fuller is still running it, but it does an excellent job. Once again, when we need it to help us to deliver policies, it steps up. I can confirm also that it will have received new burdens funding for doing that, but I thank it for all its work, and my hon. Friend is right to champion it.
Even before covid, a third of children in Hull North, many in working families, were living in poverty. With the cost of living crisis and energy prices soaring, will the measures that the Chancellor is introducing today see an increase, or a decrease, in the number of children living in poverty by Christmas?
Thanks to the actions of this and previous Governments, since 2010, there are 200,000 fewer children living in poverty. We also know that children growing up in workless households are five times more likely to be in poverty than those who have working parents, which is why it is very good news that the number of children in workless households has fallen by 700,000 over the past decade. That is the best way to get children out of poverty: find jobs for their parents, and that is what this Government are committed to doing.