Oral Answers to Questions
Debate between George Osborne and Rebecca Pow(8 years, 8 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Rebecca Pow (Taunton Deane) (Con)
The First Secretary of State and Chancellor of the Exchequer (Mr George Osborne)
The core purpose of the Treasury is to ensure the stability and prosperity of the economy.
Rebecca Pow
The innovative Claims Consortium Group in Taunton Deane has just received an Investors in People gold standard award, one of only 300 companies in the UK to have done so. It began in a back bedroom in Milverton just a few years ago, and it now employs 300 people. Does my right hon. Friend agree that not only is Taunton Deane an excellent place to do business, as this company demonstrates, but so is the whole of the wider south-west, thanks to the infrastructure and connectivity injections this Government are giving it?
Mr Osborne
Let me join my hon. Friend in congratulating the Claims Consortium Group on its award. I am glad that it has been recognised for its hard work. She is absolutely right that Taunton, and indeed the whole of the south-west, is a great place to do business. We are now investing huge sums in the roads and railways, broadband and housing. Of course, without her I do not think we would be having the A358 upgrade. There is a general lesson, which is that when the south-west votes blue, the voice of the south-west is heard in Parliament.
Oral Answers to Questions
Debate between George Osborne and Rebecca Pow(9 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
Under the last Labour Government, such people were paying 18% tax. Indeed, people in the City boasted that they were paying lower tax rates than the people who cleaned for them. We have changed that and increased the capital gains tax rate to 28%. As a result of the Budget, we are also insisting that that rate is paid across the venture capital industry.
Rebecca Pow (Taunton Deane) (Con)
T3. I am delighted that in the Budget an allocation of £7.2 billion was made for transport infrastructure in the south-west. Will the Chancellor kindly confirm that that allocation includes funding for the much needed upgrade of the A358, the Henlade bypass and junction 25 of the M5, all of which will pave the way for a new strategic employment site?
Mr Osborne
The short answer is yes. All those vital projects for Somerset and the south-west are included in a massive investment in the transport of the south-west.
The Economy
Debate between George Osborne and Rebecca Pow(9 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
I could not tell whether the hon. Gentleman agrees with the right hon. Member for Normanton, Pontefract and Castleford that the Labour party is the anti-worker party—but we will find out.
Rebecca Pow
This Government are committed to infrastructure investment to benefit business. As my right hon. Friend said earlier, the Labour party, in its manifesto, was going to axe the upgrade of the A358, not realising that linked to that upgrade is the development of a new IT business park in Taunton on which depend many jobs and the future of our economy. The Conservative party understands that this is to benefit business; clearly the Labour party does not.
Mr Osborne
It is fantastic to see my hon. Friend here representing Taunton. She has already made an impact and made sure that the A358 is absolutely in the Government’s road programme. For all that we heard from the shadow Chancellor about investment and the like, the Labour party announced during the general election that it was cancelling the A358, and indeed the A20, which showed that it did not care about the south of England at all, or about investment in the south-west of England. That is pretty astonishing.