(1 year, 10 months ago)
Commons ChamberYes, food processing would be included. If the right hon. Gentleman is asking whether food processors would be in the energy and trade-intensive section, I suggest that he look at the website later or ask the company in question to do so. As with the current energy bill relief scheme, support will be given to UK non-domestic customers including those in Northern Ireland.
The statement will be welcomed by many ceramics manufacturers in Stoke-on-Trent North, Kidsgrove and Talke, but they also want to ensure that they are all eligible. The support to date has meant that £4 million has been saved for one of them, but, sadly, hidden clauses, never used before, are being exploited by some energy suppliers that are trying to smack companies such as Churchill China and Steelite with millions of pounds’ worth of costs on the basis of a past spot price. Will the Minister meet me, other Stoke-on-Trent Members of Parliament and Rob Flello, the chief executive of the British Ceramic Confederation, to look at those examples and hold to account the energy companies which are trying to exploit the Potteries?
Like my hon. Friend the Member for Stoke-on-Trent South (Jack Brereton), my hon. Friend is a champion for that incredibly important industry in his constituency, and he is right to stress the importance of energy support. I entirely understand that there has been great anxiety about the prevailing level of energy costs, and we hope that this package will provide vital help. According to a message that I have received on WhatsApp, ceramics are dealt with in SIC codes 23.1, 23.2, 23.3 and 23.4 and, I think, one more. As for my hon. Friend’s other request, of course I would be happy to meet him to see what more we can do, because this is an important sector for him and, indeed, for the rest of the United Kingdom.
(2 years ago)
Commons ChamberI am grateful to the hon. Gentleman. The key issue for growth at the moment is inflation. What on earth do we think is causing consumers to rein back spending? The answer is that this year, this country will have to find an additional £150 billion to pay for the higher cost of energy—that is the equivalent of an entire NHS. Yes, we are taking difficult decisions, but that is the best way to ensure that we get inflation down, in partnership with the independent Bank of England, and build the platform of stability that businesses need to grow and invest. On the point about Brexit, if it was causing the problems, why do the Netherlands and Germany have higher inflation? He should think about that.
On tax, the House will have heard the Chancellor say that we will be fair by asking those who have more to contribute more, and by avoiding tax rises that most damage growth. That means, for example, that while some taxes are rising, we have not raised headline rates of taxation. Tax as a percentage of GDP, meanwhile, will increase by just 1% over the next five years.
On personal taxes, we are reducing the threshold at which the 45p rate becomes payable from £150,000 to £125,140, which means that those earning £150,000 or more will pay just over £1,200 more a year. At the same time, we are maintaining at current levels the income tax personal allowance, the higher rate threshold, the main national insurance thresholds and the inheritance tax thresholds for a further two years until April 2028.
In the summer leadership contest, the Prime Minister set out his plan to see a dramatic cut to the 20p tax rate at the end of this decade. Is that ambition still held by the Prime Minister and the Chancellor?
(2 years ago)
Commons ChamberLike the hon. Gentleman, I represent a rural constituency, where probably the majority of households use heating oil. As he knows, the alternative fuel payment will ensure that all households that do not benefit from the energy price guarantee receive support for the cost of the fuel they use. We are currently consulting the Department for Business, Energy and Industrial Strategy on the timing and delivery mechanism for the alternative fuel payment. We are committed to delivering it this winter.
My hon. Friend, like The Sun newspaper, is a champion of motorists, hauliers and all those in his constituency who rely on petrol and diesel vehicles for their—[Interruption.] Opposition Members laugh, but my hon. Friend is standing up for his constituents and doing the right thing. He is absolutely right to highlight the huge tax cut we put in place in the spring statement, worth £2.4 billion, through 5p a litre off the duty rate on petrol and diesel for 12 months. Of course, I cannot make fiscal decisions at the Dispatch Box, but we do keep these matters under review.