(9 months, 2 weeks ago)
Commons ChamberPerhaps 2024 will be the year when these things are finally heard. I have heard concerns that the Bill could be used to abolish hereditary peerages altogether, with an amendment in the other place, but the primary advocate of that—Lord Grocott—has assured me that he will not use this Bill for that purpose.
I will conclude my remarks by saying that my only interest in the issue is as a female parliamentarian—the 341st woman ever elected to this place in our nation’s history.
My hon. Friend refers to the number of female MPs ever elected. I was elected in 2019 and I am No. 523—her experience shows in the number she attributes to her name. There are 650 MPs in this place, yet we still have not got to 650 women ever sitting on these green Benches. Does she agree that that is the context in which her speech should be seen?
I am encouraged to hear a Government Parliamentary Private Secretary, no less, making supportive remarks in this debate, and I agree with my hon. Friend. I want to say for the record that I am not posh. This Bill does not affect me at all. I care passionately about equality, equality of opportunity, girls getting a great education, women succeeding in the workplace and in their lives, and achieving a 50:50 Parliament in my lifetime.
(10 months ago)
Commons ChamberI will not detain the House for long, because I have the feeling that not all my colleagues are here to listen to my remarks. However, I want to make a couple of points.
First, having heard the Opposition complain about the measures in this Finance Bill, one would think that they did not like them, but they are not here this evening, they are not voting against Third Reading, and they have not tabled any solid proposals themselves. The only economic policy anyone has heard from the Opposition is the extra £28 billion that they want to impose in taxes on our businesses and our families.
Does my hon. Friend agree that it is almost as though the Opposition do not have a plan?
I would agree with my hon. Friend.
I point out that the 110 pro-growth, pro-supply side measures in this Finance Bill have not stoked inflation. Indeed, inflation has fallen from over 11% down to 4%, and according to the Bank of England’s forecast, it is on track to reach 2%, so one has to commend the measures taken in this Bill, and I look forward to voting for that progress shortly.
I add my thanks to the officials from the Treasury and HMRC who have worked so hard on this legislation, only to hear that in a month’s time there will be another Budget and another Finance Bill. One has to recognise the hard work that has gone into this Bill, but I do worry that HMRC is being asked to do more and more. I worry about the fact that various thresholds have been frozen, and in particular, as the Minister knows, that the high-income child benefit charge is affecting more taxpayers up and down the land.
I am worried about one of the 110 measures—one that is within HMRC’s bailiwick. It is the measure allowing people to put fractional shares into their individual savings accounts. That was a very welcome announcement in last year’s autumn statement. I tried to put down an amendment to the Bill about it, but it was found not to be orderly because that change has not been legislated for this time around. In fact, the word is that HMRC will not be able to put that in place until at least the next tax year. Can I ask the Financial Secretary to convey the sense of urgency that I think we all feel about making these pro-growth, pro-investment changes?
There is a wide range of measures in this Finance Bill that I welcome, and I look forward to the Budget on 6 March. I think we can pay tribute to all the hard work that the Financial Secretary, his team, and all the Treasury and HMRC officials have put into this excellent piece of legislation.