Esther McVey
Main Page: Esther McVey (Conservative - Tatton)Department Debates - View all Esther McVey's debates with the HM Treasury
(1 day, 15 hours ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Emma Reynolds
As we announced in the spring statement, we are looking for options for ISA reform to ensure that we get the balance right between cash and equities. I can reassure my hon. Friend that we understand that cash savings are a vital tool for people and act as a financial buffer for a rainy day.
Esther McVey (Tatton) (Con)
I am sure that the Chancellor subscribes to the basic principle that if the cost of something is put up, we will see less of it. That is why Governments have, over many years, put taxes on things like smoking. Does she accept that the principle also applies to employing people—that the more expensive the Government make employing people, with their jobs tax increasing NICs for employers, the less we will see of that?
Rachel Reeves
The Conservative party is a good example of that. The cost of the Conservative party went up, and its number of MPs shrank.