Business of the House

Debate between Ian Paisley and Mel Stride

Thursday 6th June 2019 Commons Chamber

[Mel Stride]

I congratulate my right hon. Friend on his work in this area and on his chairmanship of the Global TB Caucus. The Government recognise the importance of the Global Fund to Fight AIDS, Tuberculosis and Malaria, and we are in fact the world’s third-largest contributor to it. We are currently considering a further commitment to the fund’s replenishment this year, and I will ensure that my right hon. Friend’s points are noted.

[Ian Paisley (North Antrim) (DUP)]

I was under the impression that the new Leader of the House’s most important previous role was his position on the Northern Ireland Affairs Committee in 2010. That position has allowed him to speak with accuracy and clarity on the state of the confidence and supply agreement, and I hope that he will continue to develop his relationship with the people on the Ulster Bench. Will he take this opportunity today to commend the work of the education and engagement team in Parliament and to support them as they try to fill the gap to ensure that their brilliant work in reaching 11,000 children every year is extended to Northern Ireland, where only 37 children were reached last year?

[Mel Stride]

I echo my hon. Friend’s warm comments about our time together on the Northern Ireland Affairs Committee. I remember that time with fondness, when he and I worked on a lot of important matters. His point about education and engagement and the relatively low number of children coming from Northern Ireland seems to me—although I have not looked into this in great detail—to be something that might need to be addressed. I would therefore be happy to meet him to look at this more carefully.

Leaving the EU: Economic Impact of Proposed Deal

Debate between Ian Paisley and Mel Stride

Wednesday 20th February 2019 Commons Chamber

[Mel Stride]

I hate to disappoint my hon. Friend, ingenious and amusing though his question is, but I should point out just one fallacy in the premise of his question: these are not forecasts.

[Ian Paisley (North Antrim) (DUP)]

In the search for a withdrawal agreement that we can all support, can the Minister now confirm that the draft proposals have been put forward to Europe that would make a legally binding textual change to the withdrawal agreement?

[Mel Stride]

We have made it clear that our ambition is to strike an amended deal with the European Union, so that we put beyond doubt the issue of how permanent or otherwise the backstop arrangements might be. I am not in a position to comment on the specifics of the ongoing negotiations because I am not intimately involved with them.

Finance (No. 2) Bill

Debate between Ian Paisley and Mel Stride

Committee: 1st sitting: House of Commons
Monday 18th December 2017 Commons Chamber

[Mel Stride]

What I am able to tell the right hon. Gentleman is that, as I have said, the average benefit will be £1,700 for the average first-time buyer. Every region in the United Kingdom will see benefit from this measure, and those regions—particularly in the south and south-east—where the ratio of salaries required to mortgage levels is particularly high will especially benefit.

However, the other thing we need to do as a Government, as I have already stated, is to make sure we get the supply of housing right. That is why we will be moving from the current level of 200,000 new builds a year up to 300,000 in the middle of the 2020s.

[Ian Paisley]

It is important to put on the record that Northern Ireland probably benefits disproportionately as a result of this measure, compared with any other part of the United Kingdom. The average house price in Northern Ireland is £128,650—in some areas west of the Bann, it is about £109,000—so hitting house prices over £300,000 would involve such a limited market. Many, many people in Northern Ireland are going to benefit from this, and I welcome the move the Government have made.

[Mel Stride]

I thank my hon. Friend for those comments, which illustrate the point that there are benefits accruing across all regions of the United Kingdom.

The changes made by this Bill include the largest ever increase in the point at which first-time buyers become liable for stamp duty. This relief will help over 1 million first-time buyers who are taking their first steps on the housing ladder during the next five years. It provides immediate support while our wider housing market reforms take effect.

The changes made by clause 41 ensure that over 95% of first-time buyers who pay stamp duty will benefit by up to £5,000, including 80% of first-time buyers in London. That means that over 80% of first-time buyers will pay no stamp duty at all, and it saves the buyer of an average first property nearly £1,700, as I have said.

In summary, this change to SDLT will help millions of first-time buyers getting on to the housing ladder. Together with the broader housing package we have announced, we are delivering on our pledge to make the dream of home ownership a reality for as many people as possible.

Finance Bill

Debate between Ian Paisley and Mel Stride

Committee: 1st sitting: House of Commons
Wednesday 11th October 2017 Commons Chamber

[Ian Paisley (North Antrim) (DUP)]

Does the Minister accept that the introduction of this will allow for the rebalancing of the Northern Ireland economy in a very beneficial way? It will allow us to generate more investment and, potentially, more private sector jobs. Of course, this corporation tax will not apply to the financial service sector, so it will not wrongly attract businesses away to Northern Ireland.

[Mel Stride]

My hon. Friend makes the very powerful point that this is not about brass-plating and shifting profits; it is about generating growth in a very important part of the United Kingdom.

Since we legislated in 2015, we have heard that some small businesses want the option to benefit from the Northern Ireland corporation tax rate on the proportion of their profits generated by trading activity in Northern Ireland. The changes made by clause 25 will give all SMEs trading in Northern Ireland the potential to benefit from the devolved rate, should they choose to do so. That will be done without watering down the rules, and it will ensure that the regime is focused on incentivising genuine economic activity in Northern Ireland. Like large companies, those SMEs that opt to take advantage of this measure will be required to calculate their Northern Ireland profits according to well-established principles. These changes deliver a fair outcome for small companies.

Let me be clear that under these rules a company’s trading profits will be taxed at the Northern Ireland rate only if the company has a substantial physical presence in Northern Ireland and if that is where the economic activity that generates the profit takes place.

New clause 2 would require HMRC to conduct a review of the impact of the changes in schedule 7 on the corporation tax system, the location of companies and the levels of employment across Northern Ireland and Great Britain. A mandated formal review is not an appropriate response to a regime that has been carefully designed to be robust in relation to avoidance and abuse, and one that, as I have said, builds on tried and tested rules when doing so. As with all policies, the Government will monitor the regime closely once it is commenced to ensure that it operates as intended. I urge the Opposition not to press the new clause.

[Ian Paisley]

Does the Minister accept that those who espouse the peace process also want to see an economic dividend post that process? Therefore, why would anyone want to vote against something that allows that economic dividend, building upon the peace in Northern Ireland?

[Mel Stride]

My hon. Friend makes a powerful point. This is about strengthening Northern Ireland’s economy, society and infrastructure, to the end that we all seek, which is a stronger and more united Northern Ireland.

In conclusion, these provisions include changes that will ensure that the regime is robust against abuse, in order to maintain the regime’s focus on encouraging genuine additional economic activity in Northern Ireland.