Oral Answers to Questions
Debate between Kwasi Kwarteng and John Baron(2 years, 1 month ago)
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The Chancellor of the Exchequer (Kwasi Kwarteng)
My hon. Friend will know that the growth plan really was a very strong package for business and for small and medium-sized enterprises, and I am sure that many of his constituents will appreciate the strong measures that we introduced.
Mr Baron
I refer Members to my entry in the Register of Members’ Financial Interests.
I welcome the Government’s growth agenda, notwithstanding the lack of reassurance to the markets, but will the Chancellor seriously consider lowering taxation on smaller businesses, despite the package that has already been announced? They are the engine room of the economy and employ most people in the private sector, and if cost savings are necessary, High Speed 2 and the streamlining of myriad quangos could be the first option.
Kwasi Kwarteng
I am very pleased to tell my hon. Friend that we are going to introduce the medium-term fiscal plan in three weeks’ time, but let us consider the measures that we have already introduced. National insurance hikes have been reversed, the corporation tax rise has been scrapped and the annual investment allowance remains at £1 million. These are measures that small businesses up and down the land have been very appreciative of.
Rights of EU Nationals
Debate between Kwasi Kwarteng and John Baron(8 years, 1 month ago)
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Kwasi Kwarteng
My hon. Friend is exactly right. I regret to say this, but if one has been following the foreign news reports of the statements made by Jean-Claude Juncker and other people, it is clear that there is an air of menace around. I am not saying that it is universally expressed, but there is a view that somehow the British people acted defiantly or insolently towards the EU and that we should be punished as a consequence of the vote on 23 June. I regret having to say this, but it is a fact that people on the continent in high positions in the EU have made such statements.
Mr Baron
Many of us, leavers and remainers, have great sympathy with the position expressed in the motion, but where we part company is with the final six words
“should the UK exit the EU.”
Brexit means Brexit, and that is pure mischief-making by the SNP. That is why a lot of us will not be supporting the motion.