9 Gagan Mohindra debates involving HM Treasury

Oral Answers to Questions

Gagan Mohindra Excerpts
Tuesday 3rd September 2024

(2 months, 2 weeks ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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I thank the hon. Gentleman for that question, I think. On 14 October, we are hosting an international investment summit, welcoming to London some of the biggest investors in the world. In the two months that I have been in this role, I have met over 300 business leaders, talking to them about the huge opportunities to invest in our great country, including in life sciences, financial services, the creative industries and low-carbon technologies. The opportunities are endless, and this Government are determined to work with business to ensure that we bring good jobs, investment and prosperity right across the United Kingdom.

Gagan Mohindra Portrait Mr Gagan Mohindra (South West Hertfordshire) (Con)
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T1. If she will make a statement on her departmental responsibilities.

Rachel Reeves Portrait The Chancellor of the Exchequer (Rachel Reeves)
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This Government have inherited a £22 billion black hole in the public finances, and rectifying the situation requires tough choices. We will also clamp down on egregious spending and halve Government spending on consultancy, which will save £500 million next year. Increasing consultancy spend has been rife across Government for the past four years. It is up 55% at the Department for Transport, 137% at the Foreign, Commonwealth and Development Office, and a staggering 416% at the Home Office. It is no wonder taxes are so high and public services are so poor when the last Government frittered away taxpayers’ money with no concern. I will treat taxpayers’ money with respect, and we will fix the foundations of our economy so that we can rebuild Britain and make working people better off.

Gagan Mohindra Portrait Mr Mohindra
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I welcome the Chancellor to her place. Notwithstanding what she has just said, can she tell the House why she has made the political decision to scrap the commitment to spend at least 2.5% of GDP on defence, undermining our support for Ukraine, and has instead prioritised giving her union paymasters inflation-busting pay rises that have only led to more unions calling for more strikes and more pay?

Rachel Reeves Portrait Rachel Reeves
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Let me respond directly on the issue of Ukraine. In my first couple of weeks in this job, I had the pleasure of meeting Minister Marchenko from Ukraine, and made a commitment to him to go ahead with the extraordinary revenue acceleration programme. It is important that we work together across the House to support the Ukrainian people against the Russian invasion. In the previous Parliament, Labour always supported the Government when they took action to support the Ukrainian people, and I hope that that cross-party support can continue.

Oral Answers to Questions

Gagan Mohindra Excerpts
Tuesday 28th June 2022

(2 years, 4 months ago)

Commons Chamber
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Saqib Bhatti Portrait Saqib Bhatti (Meriden) (Con)
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4. What fiscal steps his Department is taking to support small and medium-sized enterprises.

Gagan Mohindra Portrait Mr Gagan Mohindra (South West Hertfordshire) (Con)
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12. What fiscal steps his Department is taking to support small and medium-sized enterprises.

Helen Whately Portrait The Exchequer Secretary to the Treasury (Helen Whately)
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Small and medium-sized businesses are at the heart of our economy, creating jobs and prosperity across the UK. We continue to give substantial support to SMEs by raising the employment allowance; extending the £1 million annual investment allowance; providing business rates relief for retail, hospitality and leisure businesses; and with the Help to Grow programme.

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Helen Whately Portrait Helen Whately
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It is good to hear that my hon. Friend has been speaking to the hospitality sector in his constituency, no doubt drawing on his expertise in those conversations. As he said, we provided substantial support to that sector during the pandemic. We recognise the ongoing challenges for businesses as we recover, which is why we are giving thousands of hospitality, leisure and retail businesses a 50% cut in business rates this financial year—worth up to £110,000 per business.

Gagan Mohindra Portrait Mr Mohindra
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There are more than 7,000 businesses in my constituency, producing excellent products and services in a range of industries. I have held several informative high street walkarounds in towns across my constituency, hearing at first hand from local entrepreneurs, many of whom are worried about competition from online businesses. Will my hon. Friend explain what steps the Department is taking to support our high street businesses in the face of online competition?

Helen Whately Portrait Helen Whately
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I commend my hon. Friend for his campaign in his local high streets and for the work he is doing with local businesses. I agree with him on the importance of high streets and the businesses on them, which is why we are supporting high street businesses with our 50% business rate cut for thousands of retail, hospitality and leisure businesses; our freeze to the business rates multiplier; and funding through the community renewal fund, towns fund and levelling-up fund.

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Helen Whately Portrait The Exchequer Secretary to the Treasury (Helen Whately)
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The hon. Member makes an important point about people living in park homes—I also have constituents who live in park homes—and we are determined to ensure that people receive the help that they need with the increase in energy costs. The Department for Business, Energy and Industrial Strategy has been consulting on how we deliver support to people living in places such as park homes that do not have the same electricity or energy supply as others.

Gagan Mohindra Portrait Mr  Gagan  Mohindra  (South West Hertfordshire) (Con)
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T8.   Yesterday morning, I had the pleasure of hosting a roundtable discussion with farmers from my constituency in collaboration with the National Farmers Union. My constituent Andy Cornthwaite informed me that he was struggling to employ extra staff to grow his business due to the current £85,000 VAT threshold. I am aware that my right hon. and learned Friend recently responded to a written question from my hon. Friend the Member for North West Durham (Mr Holden) on the subject, but will she consider an early review of the VAT threshold due to the increase in labour and/or materials costs for small and medium-sized enterprises?

Lucy Frazer Portrait Lucy Frazer
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The Government recognise that accounting for VAT can be a burden on small businesses. That is why we maintain the highest VAT registration threshold in the OECD and as compared with EU member states. At spring Budget 2021, to give businesses certainty, it was announced that the VAT threshold would be maintained at its current level until March 2024. Although there are no plans to change the VAT threshold at this time, we keep all taxes under constant review.

Tackling Short-term and Long-term Cost of Living Increases

Gagan Mohindra Excerpts
Tuesday 17th May 2022

(2 years, 6 months ago)

Commons Chamber
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Gagan Mohindra Portrait Mr Gagan Mohindra (South West Hertfordshire) (Con)
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It is an honour to speak in the debate on Her Majesty’s Gracious Speech. I wish to cover three topics in my limited time: security, the economy and planning.

Hon. Members will be aware that the Northwood NATO base is in my constituency, which it is a real privilege to host. Through the awful war between Russia and Ukraine, we have seen the importance of global security and I welcome the movements of Sweden and Finland to join that global peace organisation. I strongly associate myself with the commitment, as put forward by this Government, of

“defending democracy and freedom across the world, including continuing to support the people of Ukraine.”

However, as well as military might, we also need to think about energy security and food security. I am pleased to see further progress on cheaper, cleaner and more secure energy here in the UK, building on our hugely successful COP26 presidency. As a Member of Parliament who represents a constituency that is approximately 80% green belt, I am really passionate about supporting British farmers and encouraging consumers throughout our great nation to buy British where possible.

On the economy, our primary focus as the Conservative party should be on growing and strengthening the economy, just as it has always been and just as we always have, but particularly now as a means of easing the cost of living. Our stated aim in the Queen’s Speech, to grow our economy by taking the responsible approach to public finances, supporting people into work, reducing public debt and, most importantly, cutting taxes is the correct way, in my opinion, to manage our economy. I know that my right hon. Friend the Chancellor is looking forward to doing all of that before the next general election.

The measures set out in this Queen’s Speech demonstrate our continued commitment to driving forward our economy while tackling the cost of living, protecting British businesses and investing in a modern, cleaner and greener society. Britain has always been a global country, and I know that my right hon. Friend the Secretary of State for International Trade will continue to secure further deals to boost our economy and benefit our society now that we have the freedom to do so outside the EU.

Planning is a topic that is very important to my constituents. The Levelling-up and Regeneration Bill proposed in the Queen’s Speech is a really interesting piece of legislation. I have spoken many times in this place about how beautiful my constituency is. As I have said, approximately 80% of my constituency is green belt, so balancing the preservation of this undoubted natural beauty with the importance of helping families and young people to own their own home is a crucial issue for me. One of the great many pleasures about meeting my constituents is hearing the passion and love they have for their own area and the strong desire they have to protect its character. I know that the proposed Bill will help with that.

Sara Britcliffe Portrait Sara Britcliffe (Hyndburn) (Con)
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One of the points I think my hon. Friend is making is that it is so important to make sure that we utilise brownfield land to the maximum for housing and so on, but does he agree that it is important that local people have their say on the design of their area and what goes where?

Gagan Mohindra Portrait Mr Mohindra
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I absolutely agree with my hon. Friend, and I feel as though she was looking over my shoulder because that is exactly the next point in my speech.

Introducing a Bill for local growth, giving further powers to local leaders to regenerate their own area and reforming our planning system to give residents greater involvement in local development are all positive steps. However, we must ensure that any local devolution from this House on this issue also comes with accountability, where necessary. Part of my constituency covers the Liberal Democrat-led Three Rivers District Council, and it is disappointing that there have been continual delays in the local plan process. That is unacceptable, especially when the Liberal Democrats continue to blame both the Government and the independent Planning Inspectorate for what I regard as issues that they should primarily be dealing with themselves. Local people absolutely should play a bigger role in deciding how best to improve and expand their local area, and we must be tougher on local councils that seek to play party politics and pass on all the blame for the decisions they are taking.

In closing—I realise I have taken enough time in the Chamber—I welcome the measures introduced in this Queen’s Speech, particularly those affecting security, both of ourselves and of our friends and allies; the economy, which we must continue to grow sustainably and with as little taxation and spending as possible; and planning, which will allow us to give local people more of a voice in protecting their communities.

Oral Answers to Questions

Gagan Mohindra Excerpts
Tuesday 2nd November 2021

(3 years ago)

Commons Chamber
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Lucy Frazer Portrait Lucy Frazer
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I am grateful to have this opportunity to address the issue of air passenger duty. The hon. Member will know that, as well as cutting the duty on domestic flights, we have increased taxation on long-haul flights. She will also know that domestic flights are contributing less than 1% of the UK’s carbon emissions.

Gagan Mohindra Portrait Mr Gagan Mohindra (South West Hertfordshire) (Con)
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11. What steps his Department is taking to manage the public finances effectively.

Rishi Sunak Portrait The Chancellor of the Exchequer (Rishi Sunak)
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The fiscal rules announced at Budget will ensure that the public finances remain on a sustainable path and support a strong economic recovery. The Government will borrow only to invest in future growth, so that future generations are not unfairly burdened, and I am pleased to say that the Office for Budget Responsibility’s analysis shows that the Government’s fiscal plan is working.

Gagan Mohindra Portrait Mr Mohindra
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I welcome the new fiscal rules set out by my right hon. Friend in his Budget last week, which will mean that the Government borrow only to invest and that they get the debt falling again by 2024. Does he agree that, unlike the Labour party, which has no plan to deliver responsible public finances, these rules show how it is only the Conservatives who can be trusted to manage our public finances responsibly, avoiding higher interest rates and even higher taxes in the future?

Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is absolutely right. The best foundation for our success as a country is a strong economy and responsible public finances. In contrast to the Labour party, which comes out with unfunded, reckless promises that would lead to our debt rising uncontrollably, it is this Government, and only this Government, who can be trusted to manage the nation’s economy responsibly.

Health and Social Care Levy

Gagan Mohindra Excerpts
1st reading
Wednesday 8th September 2021

(3 years, 2 months ago)

Commons Chamber
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Gagan Mohindra Portrait Mr Gagan Mohindra (South West Hertfordshire) (Con)
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It is an honour to follow the hon. Member for Gordon (Richard Thomson), although I did not always agree with what he said.

I have spoken in this place on multiple occasions about the need for a long-term plan that addresses social care in this country, so I welcome the Government’s solution. I have direct experience of the problem of social care funding: prior to being elected to this place, I was the finance leader of a large upper-tier authority and we spent more than two thirds of our budget on social care provision, so I am all too aware of local government upper-tier authorities’ issues with funding social care and the challenge that the Government have faced in addressing the issue.

As we continue the recovery from the covid-19 pandemic and learn its lessons, it is clear that we can no longer ignore social care. By introducing this reform to social care after decades of inaction, we will change the lives of thousands of families who are struggling to afford quality care and having to make difficult decisions in the most vulnerable of circumstances. In finally addressing this long-standing issue, we will improve the quality and availability of social care for those who most need it, while ensuring that it is most affordable and helping to relieve the continuous pressure on the NHS.

We now cannot ignore the backlog created by the heroic work of our NHS in rightly prioritising the treatment of covid-19 patients. I welcome the Government’s plan to address the backlog immediately through the new health and social care levy, which will allow us to increase hospital capacity to 110% and create 9 million new appointments. I am sure I am not alone when I say that many of my constituents have contacted me to express concerns about hospital waiting times, and I know that colleagues from all parties will have constituents who are pleased to hear about the Government’s commitment to solving this problem through the levy.

Fundamentally, I am a low-tax Conservative, but as the Chairman of the Treasury Committee, my right hon. Friend the Member for Central Devon (Mel Stride), said earlier in the debate, the Government have few levers with which to address this issue. As the Prime Minister said yesterday, a global pandemic was in nobody’s plans. The £407 billion that the Government have spent to support businesses and families has been vital to keep people safe and the economy afloat during these really difficult times.

We should focus on the impact, not just on the additional resources. The necessity of our response to the global pandemic has brought many changes in the way things are done in this country. I hope that, along with the increased resources, there will be increased ambition to do things bigger, better, quicker and more efficiently, rather than just continually chucking money at things. The extensive support schemes offered by my Government were never intended to continue indefinitely. As we emerge from the pandemic, it is right that we look at real-world funding options for the reforms that are so clearly necessary.

Covid-19: Economy Update

Gagan Mohindra Excerpts
Thursday 22nd October 2020

(4 years, 1 month ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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We did put in place the temporary uplift of universal credit  but, as the hon. Gentleman says, it still has five or six months to run; it will be in place to support vulnerable families throughout the difficult winter period and is there all the way until next spring.

Gagan Mohindra Portrait Mr Gagan Mohindra (South West Hertfordshire) (Con)
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I welcome the measures announced today. As the Chancellor will be aware, 15,400 people have benefited from the furlough scheme in South West Hertfordshire, and I applaud the sustainable and affordable approach he has adopted. Does he agree that the approach needs to remain pragmatic, with an evolution of policy, to give more certainty to our communities?

Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is absolutely right. In the face of something we have never seen before—we are all grappling with how to deal with it—it is right that we remain pragmatic and flexible; it is not right to be wedded to dogma and be unwilling to change when the facts change. We will always do that, as we grapple with the health crisis and the economic crisis. We will remain flexible and nimble, but always with the same values and principles underlying what we do, which is to try to protect as many people’s jobs and livelihoods as we can.

Covid-19: Disparate Impact

Gagan Mohindra Excerpts
Thursday 22nd October 2020

(4 years, 1 month ago)

Commons Chamber
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Kemi Badenoch Portrait Kemi Badenoch
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I know that my right hon. Friend the Secretary of State for Work and Pensions and my right hon. Friend the Chancellor have spoken about that specific issue many times in this Chamber. What I would say to the hon. Gentleman is that poverty, deprivation and various factors are contributing to health inequalities. That is something we do know. Those issues will not be solved by a year-long review. They need to be looked at across Government, as he says, and the Government are absolutely committed to that. We talk over and over again about levelling up. That is absolutely the ambition of this Government and we will do it in the ways that we believe are best.

Gagan Mohindra Portrait Mr Gagan Mohindra (South West Hertfordshire) (Con)
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I welcome the update from my hon. Friend and applaud her on the excellent work she is leading in this arena. Will she tell the House what steps she is taking to improve public health communication, especially to those communities that are normally harder to reach?

Kemi Badenoch Portrait Kemi Badenoch
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We have worked with the covid comms hub in the Cabinet Office and ministerial colleagues to build on the way public health messages are delivered effectively to ethnic minority people. In addition to the central marketing campaign, we have spent approximately £4 million to reach ethnic minority people through tailored messaging, strategically chosen channels and trusted voices. Additional funding and resources from the central campaign are also used to reach communities in specific regions, supporting local authorities to deliver bespoke translated material on request.

Economic Outlook and Furlough Scheme Changes

Gagan Mohindra Excerpts
Tuesday 16th June 2020

(4 years, 5 months ago)

Commons Chamber
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Urgent 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

Jesse Norman Portrait Jesse Norman
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What I have said is simply that international and national bodies recognise the comprehensiveness and the relative generosity of our schemes—[Interruption.] They have done that, so that is the fact of the matter. The point that the hon. Lady raises is one on which we continue to reflect. As I have said, we take this very seriously. We want to support all sections of the economy, including self-employed people who have not been able to qualify. There are, of course, other ways in which they may be able to qualify for support within the wide package of support that we have given, but the self-employment scheme at the moment is not one, in some cases, that they are able to use, and that is something on which we will continue to reflect.

Gagan Mohindra Portrait Mr Gagan Mohindra (South West Hertfordshire) (Con)
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The latest figures show that almost 9 million jobs have been furloughed, including 12,500 in my own constituency—jobs that would undoubtedly have been lost. As we begin to rebuild and reopen our economy, will my right hon. Friend assure me that he will continue to support both businesses and workers as they transition away from Government schemes?

Jesse Norman Portrait Jesse Norman
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As my hon. Friend points out, we are working very hard to protect people in employment. That is what the latest numbers recognise, with the employment number as opposed to the unemployment number. But we must be realistic about this. We are in the middle of a pandemic crisis and there will be further losses; we have to understand that. The key thing is to make sure that we are as robust, energetic and inclusive as we possibly can be in supporting people in employment and supporting them back into employment when they come out of the jobs market.

Covid-19

Gagan Mohindra Excerpts
Monday 11th May 2020

(4 years, 6 months ago)

Commons Chamber
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Gagan Mohindra Portrait Mr Gagan Mohindra (South West Hertfordshire) (Con) [V]
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First, I want to thank all the frontline staff, especially those in South West Hertfordshire. I welcome the Prime Minister’s statement and the further guidance issued today. Across the country and in my constituency, people will welcome this road map and the light at the end of the tunnel. I congratulate all Government Departments for their Herculean efforts to deal with this unprecedented global pandemic. In my view, the continual evolution of national policies based on data is the correct method, and I look forward to the easing of the lockdown restrictions as soon as it is safe.

I want to focus on what the new normal may look like. My party and this Government had already committed to extensive investment in broadband, and this pandemic has shown at first hand how it should now be regarded as an essential utility. I look forward to working with ministerial colleagues to achieving that as soon as practicable.

The ability of the national health service to adapt to a totally different healthcare system using remote diagnosis could fundamentally change how our NHS works. This should be regarded as an opportunity and not a threat. The technological industrial revolution is using the pandemic as a catalyst for significant innovation—something we in this House should all engage in, to seek the opportunities that a global Britain offers.

As you may know, Mr Deputy Speaker, I regard myself as a globalist and an optimist. This pandemic has shown British ingenuity at its best—the world-class teams working to find a vaccine, the two-week construction of the Nightingale hospitals and the national effort made by businesses of whatever size for the greater national good. The community spirit across South West Hertfordshire has reinforced my belief that we will get through this. From the door-to-door deliveries in Croxley Green, to supermarket attendants going that little bit further to help vulnerable customers, to the large food bank donations in Tring, people are pulling together. At Tring School, two staff members, Miss Jones and Miss Corney, have donated their time and efforts to make 1,000 visors for Stoke Mandeville Hospital and 43 other organisations. My one desire is that the care shown for our neighbours and those in need continues into more normal times.

As a Conservative, I have always believed in the safety net, and many in this pandemic are having to rely on it. I will continue to be a critical friend as we progress through this pandemic, but I want to take this opportunity to acknowledge the excellent work done to date. I ask my right hon. Friend the Paymaster General to discuss any plans she has to use the public’s good will, time and generosity in the form of volunteer co-ordination, and to join me in thanking those in my constituency and around the country who have stepped up to help their fellow countrymen and women in these challenging times.