(9 years ago)
Commons ChamberOf course we take very seriously the issue of illegal loan sharks and, indeed, that of excessive interest charges on payday lending, which is why it was Conservatives who introduced the first ever cap on payday lending. As for the hon. Gentleman’s specific question about funding for illegal money laundering and loan shark teams, we are considering the imposition of a levy on the industry to meet the requirements that he has identified.
Q2. Following last week’s vote, can my right hon. Friend give us an update on action against the genocidal jihadists who not only attack Christians, Yazidis and Muslims, but pillage their churches, shrines and mosques? I welcome the announcement of £30 million to protect cultural heritage, but can we also ratify the Hague convention sooner rather than later?
I thank my hon. Friend for raising this important issue. Let me briefly update the House on the military action that has taken place since we met last week. We have 16 aircraft conducting strikes, as well as our Reaper drones. The Royal Air Force has flown 11 missions and conducted four strikes, principally against the oilfields, and we are also supporting Iraqi security forces. My right hon. Friend the Foreign Secretary will be in New York next week for talks on trying to bring an end to the horrendous conflict in Syria. As for the damage that is being done to the cultural artefacts in the area, we are providing £30 million as part of the cultural fund—I have discussed that with the director of the British Museum—and as for the Hague convention, that process is now moving apace.
(9 years ago)
Commons ChamberOverall funding for social care will be protected in real terms. The council tax premium can be levied, and the better care fund will have an additional £1.5 billion to make sure that it can help local government integrate with the national health service. Our objective is to achieve over the next five years the integration of health and social care services across the country. Places such as north-east Lincolnshire, Northumberland and Greater Manchester have made big progress in this area, and I hope that the hon. Lady’s local area also takes steps in that direction.
I welcome this compassionate Conservative statement with, for example, councils receiving £10 million more up front to tackle homelessness in their local areas. Will the additional £105 million pledged over the course of the Parliament to tackle complex needs of homelessness, mental health and youth unemployment be delivered through the roll-out to the troubled families programme, delivering social justice for single persons with complex needs?
I thank my hon. Friend for his support and for the work that he has done to champion the most disadvantaged and vulnerable in our communities. The troubled families programme is protected and supported in this spending review. The money for social impact bonds to help with complex social needs in our society is additional to that, as is the extra support for homeless people, which will go direct to councils rather than through the benefits system and have an extra £10 million put into it. There are a number of pieces of good news.
(10 years ago)
Commons ChamberFirst, we have announced this week important changes to support infrastructure in and around Liverpool, including to the port of Liverpool, which is a very exciting source of economic development on Merseyside. Secondly, the trans-Pennine link supports journeys from Liverpool all the way over to Leeds and Hull, but we also want investment in the rail services in and around Merseyside. That is why we are electrifying the lines in that part of the north-west and why we are looking for major investment in HS2, so that journeys from Liverpool to Birmingham and London will be much quicker once the train joins the track at Crewe. Those are all measures that we are taking to support Liverpool.
I also announced major investment in science in the north, and Liverpool will be one of the beneficiaries of that. This is all about trying to work together. I am very happy to do that on a cross-party basis, with Members of Parliament representing Liverpool, Joe Anderson—the mayor of Liverpool—and the Government, to see what more we can do to increase the economic potential on Merseyside.
As we approach small business Saturday, I, on behalf of my high streets, welcome the package of measures to reduce the impact of business rates. What should I tell my businesses about the impact of following the shadow Chancellor’s proposal to increase corporation tax?
The shadow Chancellor and the Labour party want to increase corporation tax. That is their stated policy on the legislation this House has passed. They make it pretty clear that they would increase national insurance if they ever came to office. That would be devastating for the small businesses of Enfield, and indeed of the whole country. We know what happens when there is a Labour Government. We know the impact on businesses: the high unemployment and the business closures they would create, because that is exactly what happened five years ago.
(11 years, 5 months ago)
Commons ChamberFirst, we are committing to public investment as well as seeking to secure private investment. The first of the right hon. Gentleman’s ideas is about printing money to spend it on things. That has been tried by a number of countries but it does not always have a happy ending. Secondly, he has this plan to take over full control of the banks and run the banking system as a nationalised banking system. I do not think that would be a sensible approach; it would make the problems in our banking system worse rather than better.
Thirdly, the right hon. Gentleman talks about taxes. I recall, as I was an MP on the Opposition Benches at the time, that he was a Minister when his Government had a 40% tax rate, whereas we have a 45% rate. I do not remember him getting up at this Dispatch Box and complaining all the time that his Government were not increasing taxes on the rich. I seem to remember his good friend Peter Mandelson saying that they were all
“intensely relaxed about people getting filthy rich”.
Under this Government—I hope the right hon. Gentleman would support this—the richest are paying a greater percentage of our tax than under his Government.
My constituents will welcome a fair review of welfare, schools and health. Will the Chancellor take the opportunity to renew his and our party’s vow to recognise marriage in the tax system and ensure that it is implemented as soon as possible within this Parliament?
I can give my hon. Friend the absolutely clear commitment that we will bring forward the proposals to recognise marriage in the tax system—the proposals we set out in our manifesto that are provided for in the coalition agreement—in due course.
(12 years, 5 months ago)
Commons ChamberIt is right that the focus of attention should not be just on the greedy bankers drinking Bollinger and the like, but on constituents—victims who have had their businesses and homes trashed as a result of this scandal. As they are the victims of gross irresponsibility, is it not time for some basic responsibility, with the chief executive of Barclays stepping down and the shadow Chancellor saying sorry?
As I say, the chief executive of Barclays needs to account for his actions, and the Treasury Committee provides the platform where he can do that, and as I said, the shadow Chancellor needs to account for his actions too.