Income Tax (Charge)

Debate between Kwasi Kwarteng and Karen Buck

Thursday 28th October 2021 Commons Chamber

[Kwasi Kwarteng]

I thank the hon. Lady for her congratulations. However, I am surprised that she should express concern about the increase in the national living wage. I never thought I would live to see a Labour MP denigrate and decry that. We want to see a higher-wage, higher-productivity-based economy, and we are working hard to ensure that.

[Ms Karen Buck (Westminster North) (Lab)]

Will the Secretary of State give way?

[Kwasi Kwarteng]

Let me make some progress. To intervene so soon after an intervention is unusual. I will come back to the hon. Member.

During the pandemic, people and businesses have demonstrated remarkable levels of resilience. I fully agree with the right hon. Member for Doncaster North when he says that business has been heroic and people have been heroic. I am also immensely proud of the work done by the British Business Bank, for which my Department is responsible. Its schemes supported people and our economy to the tune of £80 billion, with Government-backed finance for 1.7 million businesses. That comes to the point made by the hon. Member for Hornsey and Wood Green (Catherine West). When it comes to the fundamentals of the economy, the Government are securing our economy and getting Britain back to work.

Contrary to all the prophecies of doom and gloom that recently came from Opposition Members, the Office for Budget Responsibility now expects our recovery to be quicker and the economy to return to its pre-covid level at the turn of this coming year. As the OECD and the International Monetary Fund show, there is considerable expectation that the UK will rebound strongly. In that context, our task turns to ensuring that our people and our businesses have ability and opportunity. They will not simply look back and complain about the situation that we have come through. They are positive and forward-looking. They believe in their country—unlike many Opposition Members, dare I say. We will achieve a strong rebound not by splashing cash indiscriminately as a number of Labour Chancellors did, dare I say, but by spending taxpayers’ money wisely to foster an environment that encourages innovation and growth.

I turn to the net zero agenda. I fully appreciate that many years ago the right hon. Member for Doncaster North was Secretary of State for Energy and Climate Change—I do not think I was in the House at that time—and I know that he shares the view that net zero is absolutely one of the most important strategic objectives of any Government.

European Council: Article 50 Extension

Debate between Kwasi Kwarteng and Karen Buck

Friday 22nd March 2019 Commons Chamber

[Kwasi Kwarteng]

The hon. Gentleman will understand that the Bill will only be introduced subject to the House voting through the meaningful vote. That is, I am afraid, standard process in these matters.

[Ms Karen Buck (Westminster North) (Lab)]

The Minister keeps saying that he will not engage in hypotheticals, but on 14 March the Deputy Prime Minister said that the Government would, if a meaningful vote is not approved,

“facilitate a process in the two weeks after the March European Council to allow ​the House to seek a majority on the way forward.”—[Official Report, 14 March 2019; Vol. 656, c. 563.]

Does he agree with the Deputy Prime Minister? If he does, can he tell us exactly when, and by what process, he would take forward the means of this Parliament reaching an agreement?

[Kwasi Kwarteng]

I agree with the hon. Lady to a point. If the meaningful vote is voted down, it would be reasonable to have a wide debate in the House, as the Chancellor of the Duchy of Lancaster suggested two weeks ago, to find what the House would tolerate and how it sees things going forward. I agree with that.