(7 months ago)
Commons ChamberNobody wants to see any child grow up in poverty, and that is why I am pleased that the record of this and previous Governments has reduced not just the number of people living in poverty, but the number of children living in poverty, thanks to our measures to strengthen the economy. When it comes to food support for vulnerable children, we have extended the holiday activity and food programme with £200 million of funding, and we are investing £30 million in our national school breakfast programme, which will now run until the end of the summer term.
My hon. Friend is exactly right in his analysis of how to help working families and our country. Thanks to the difficult decisions that we have taken, inflation today is back to normal, which is a very welcome moment. Of course, there is more work to do, and people are only just starting to feel the benefits, but it is clear that the plan is working, and that is why we have also been able to deliver significant tax cuts worth £900 to the average worker in our country. That is all progress that would absolutely be put at risk by the Labour party.
(10 months, 2 weeks ago)
Commons ChamberI will take no lectures about getting Britain from a man who thought it was right to defend terrorists. What we are doing is building a brighter future for our country: just last week, we expanded healthcare in pharmacies; today, we are expanding dental care; and this week, we are helping millions with the cost of living and, most importantly, cutting national insurance. That is all while the Labour party argues over 28 billion different ways to raise people’s taxes. That is the difference between us: we are delivering a plan, but they cannot even agree on one.
My hon. Friend is right to highlight our record of providing support to the country when it needed it, whether it is the NHS, vaccines, furlough during covid or, most recently, help with people’s energy bills. We are only able to afford that because of the strong management of our economy. That is why we must stick with the plan and not risk going back to square one with the Labour party, which, as we know, has absolutely no plan and will cost everyone in this country with its £28 billion of tax rises.
(1 year ago)
Commons ChamberI have already made statements on this matter, but crucially, of course, we ensure the safety of all communities in our country. That is the first duty of government, and we will continue to do that, not just for the Sikh community but for every community here in the UK.
With both the Office for Budget Responsibility and the ONS confirming that the British economy is now substantially larger than they estimated even a few months ago, does my right hon. Friend agree that the economy has once again proven the detractors wrong and, because unemployment is a corrosive social evil, will he do all he can to ensure that we retain record employment?
My hon. Friend makes an excellent point. A year ago, not just the OBR but the Bank of England, the International Monetary Fund and the OECD were all predicting that we would fall into a recession this year, but thanks to the actions of this Government and this Chancellor, we have grown the economy. We saw that momentum carry on just in the past week with Nissan’s announcement of record investment in its new plant in Sunderland, safeguarding the future of thousands of jobs in the north-east and ensuring the transition to electric vehicles. We also saw it in the summit we hosted, which attracted £30 billion of new investment into the UK. As my hon. Friend said, crucially, that investment will support thousands and thousands of jobs in our country.
(2 years, 1 month ago)
Commons ChamberI am pleased that the United Kingdom has led efforts to hold China to account, including by imposing sanctions on senior Chinese officials and mobilising international support to hold China to account at the United Nations. As hon. Members have heard, we will use dialogue as an opportunity to raise the concerns that we have on Xinjiang and other human rights abuses as we see them.
I commend the Prime Minister for this country’s leadership across a range of issues, including on Russia. Does he share my enthusiasm and optimism for our accession to the CPTPP, given this trading bloc represents nearly 15% of the world’s GDP and offers so many opportunities for so many export industries, including the Scotch industry, for which tariffs will fall from 100%, in many cases, to zero? I am sure that is something to which even the SNP could raise a glass when we join.
My hon. Friend puts it very well. He is right about the importance of CPTPP, not only for its very significant economic benefits but for the strategic benefits to the United Kingdom of being an engaged member of the Indo-Pacific community. I discussed this with the Prime Ministers of Australia, Japan and Canada, and there is incredible excitement about our joining. We will continue to conclude those negotiations as quickly as possible.
(2 years, 6 months ago)
Commons ChamberAs I have said, it will be a difficult time, given the degree of shock that we are seeing to energy prices. We know that energy bills will, on average, will increase by about £1,200 this year. Roughly, most of the 8 million most vulnerable households should receive support worth around £1,200.
The Chancellor and the Government are absolutely right to recognise that more needs to be done, but I suggest to him that generally, lower taxes bring forward greater prosperity over the medium to longer term. As high inflation will be less transitory than many believed—banks were saying only a few months ago that it would be transitory—will he consider raising the minimum wage above inflation to help the lowest paid, given that unemployment is at a record low, and scrapping the corporation tax increases to help industry pay for that?
I am proud that the minimum wage has gone up significantly this year, which puts £1,000 extra into people’s paycheques. Actually, we have a long-term target to increase it to two thirds of median earnings, which will ensure that it tends to rise faster than inflation in normal times, but I am happy to work with my hon. Friend on making that happen.
(4 years ago)
Commons ChamberThe hon. Gentleman talked about those on the lowest pay. We accepted the recommendations from the Low Pay Commission to increase the national living wage by 2.2%. That will make a difference of £345 to full-time national living wage workers, as well as protecting those in the public sector who earn up to the average UK salary of £24,000, who will receive a £250 uplift.
I commend the Chancellor on many of these measures, including the support for the lower-paid. When it comes to funding, I encourage him not to stifle enterprise through increases in taxes, as these are often counter- productive. May I raise with him the case of social care workers? They provide an essential service but they are often overlooked, in part because they span the private and public sectors. What more can he do for them? For example, further to my letter to him, will he consider raising their personal tax threshold so that they can take home more of their pay?
My hon. Friend is right about the importance of social care workers. He will know that they are not formally part of public sector pay settlements, but many of them are national living wage workers, as he knows, so they will benefit from the increase of 2.2% that we are putting in place for next year. He will also know that we have already made a start in the Budget on our desire to raise the national insurance threshold, delivering cash benefits to people of about £100 this year, but it is something that we will keep under review for future fiscal events.
(4 years, 2 months ago)
Commons ChamberI did say we would do what it takes, and I think that £200 billion pounds later, with almost 9 million jobs protected, we see the evidence that we have done. We will continue to do what it takes to protect this economy and people’s livelihoods.
The Government’s economic support packages have been some of the most generous anywhere, and they have been essential sticking plasters from which many of our constituents have benefited. However, given that covid may be with us for some time and that the economy is in transition, may I encourage the Government to think more strategically and perhaps draw lessons from, for example, Margaret Thatcher’s enterprise allowance scheme, which helped hundreds of thousands of people, over some years, to transition from unemployment to self-employment? [907822]
My hon. Friend makes an excellent point. We should have an eye on our recovery and he is absolutely right that entrepreneurship can play an important part in driving that recovery, which is why during the crisis we announced the future fund to help to provide financing for start-up entrepreneurial companies. I am also happy to have a look at the enterprise allowance scheme. My hon. Friend will be aware of the start-up loan scheme, which does something similar by providing Government-discounted and funded loans to the budding entrepreneurs of tomorrow.
(4 years, 8 months ago)
Commons ChamberAs we are putting in place the detailed guidance for the scheme, we are actively considering the question of how best to average the earnings of people in this situation. I very much take on board the suggestion that the right hon. Gentleman has made, and I know that my team are engaging with those unions as we speak to try to get the details right.
My hon. Friend is absolutely right about the importance of cash flow, which is why we have targeted our interventions specifically at smaller businesses by providing extra cash flow support. We have done so through the £10,000 grant to every business in receipt of small business rate or rural rate relief and, indeed, through the deferral of VAT, which starts from today for the quarter. As my right hon. Friend the Financial Secretary to the Treasury said earlier, that represents more than £35 billion, or 1.5% of GDP-worth of tax deferral, providing immediate cash-flow support. We have done the same thing for self-assessment payments that are due in the coming months and have also, as of yesterday, launched a business interruption loan scheme, which my hon. Friend has done fantastic work developing. It will provide 12-month interest-free loans to small businesses, again, to help provide them with the liquidity that they need to get through this.
(4 years, 9 months ago)
Commons ChamberThe package of measures today does specifically provide cash support to those in that sector to help with things like rent, but I make no apology for our being led by the public health response. This is first and foremost a public health emergency, and we will be led by responding to that. Of course, the economy is foremost in our minds, and I will always respond quickly and rapidly to any changes in the public health advice.
I commend the Chancellor for this package of measures as far as they go, and we understand that it is a moving narrative, but I particularly urge him to focus on the importance of cash flow when it comes to smaller businesses and the self-employed. However, can I raise with him a group of people who so far have not been mentioned, which is the elderly and the vulnerable who live alone? There is a real risk in a situation such as this that they get inadvertently overlooked, and we need to reach out to them. Would the Chancellor consider providing appropriate support for local authorities to do just that—to identify them, locate them and make contact, because no one should be left behind?
I can tell my hon. Friend that he is absolutely right, and the Communities and Local Government Secretary has already been engaging on this particular issue, working together with the Health Secretary with regard to social care, to make sure that, in our local communities, we can identify and protect the elderly and most vulnerable, and make sure that they get the support that they need.