(11 years, 5 months ago)
Commons ChamberI do agree with that. The Government established the Commission on Devolution in Wales to consider, as part of its remit, how to increase the fiscal accountability and autonomy of the Welsh Assembly Government. We are carefully considering the commission’s recommendations and we will respond in due course, having discussed the matter with the Welsh Assembly Government.
T5. May I take the Chancellor back to the question posed by the shadow Chancellor and by my hon. Friend the Member for Rochdale (Simon Danczuk)? Did Government borrowing rise in 2012-13, as compared to 2011-12?
(12 years, 5 months ago)
Commons ChamberI am grateful to my hon. Friend for his question. As the Chancellor said, the Government have done more on this issue in two years than the previous Government managed in 13 years. In particular, at the time of the spending review I announced that we would invest an extra £900 million in Her Majesty’s Revenue and Customs so that it could employ a large number of additional experts to deal with tax avoidance. That programme is projected to lead to an additional £7 billion a year in tax revenue by the end of this Parliament, and we are well on track to meet that objective.
Can the Chancellor confirm that the Government are going to spend an additional £150 billion in borrowing above their plan of a year ago?
(12 years, 11 months ago)
Commons ChamberI am not sure that I have had any such indications so far, but I would, of course, welcome them if they came in the future?
The Chief Secretary will be aware of the demanding and dangerous job done by prison officers up and down this country. Will he clarify the state of negotiations with the Prison Officers Association on the normal pension age for prison officers in the context of the difficult and important job they do?
I join the hon. Gentleman in expressing gratitude for the hard work that prison officers do for the country, and in recognising the physically demanding nature of some of that work. There is a specific outstanding issue in the arrangements relating to mechanisms allowing prison officers to retire before reaching the state pension age, and we are continuing to engage in discussions with the Prison Officers Association to deal with precisely the point that the hon. Gentleman has made.
(13 years, 11 months ago)
Commons ChamberI am glad to hear about the companies in my hon. Friend’s constituency, which share the confidence of many businesses that we have a Government who have got to grips with the public finances. That gives companies the confidence to invest, which is an important part of ensuring the private sector-led recovery that we need.
17. What plans his Department has to ensure greater transparency in remuneration in the financial services sector.