(2 years, 2 months ago)
Commons ChamberWhat the hon. Lady says about football clubs being at the heart of their community is the case up and down the country. Our reforms make sure that fans have an integral say in matters that affect them. We are already seeing, and will see, shadow boards at premier league level, but I am confident that the changes that we are bringing in will give fans a greater say in football.
Can the Secretary of State outline to the House how the independent regulator will help with the financial sustainability of clubs, and how it will limit the power of owners, who may wish to gamble with their club’s future to reach the premier league and may fail, as was the case recently with Derby County?
The hon. Member makes an important point. Financial stability is one reason that we have brought in an independent regulator: to ensure that clubs are stable and are not destroyed, which then destroys communities, as I mentioned. The independent regulator will ensure financial stability and there will be owners’ and directors’ tests to ensure that we know who owns clubs and that they have the funds to maintain them.
We have a number of creative clusters across the UK and I am absolutely committed to ensuring that they continue to grow, because the creative industries have grown at twice the rate of the wider economy since 2010, generating £116 billion in 2019. The sector is important to me, as I know it is to the Chancellor and the Prime Minister.
It was my pleasure to join schoolgirls and England Lionesses for football training in Downing Street yesterday, as we marked International Women’s Day. The event accompanied a major package of support for school sport. That, alongside our recent plans for an independent regulator for football and the biggest ever investment in grassroots facilities, shows that the Government are committed to protecting the long-term sustainability of the game, and sport in general.
Today, we are announcing that youth clubs, charities and many other organisations will benefit from our £30 million know your neighbourhood fund, which aims to create volunteering opportunities and tackle loneliness in disadvantaged areas.
Although not legislated for, intrusive affordability guidelines from the Gambling Commission are estimated to be costing the British horse-racing levy at least £40 million a year and are driving punters either to the black market or away from the sport altogether. Will my right hon. and learned Friend outline to the House whether the Gambling Commission warned her Department of the impact those decisions would have on the sport?
(2 years, 10 months ago)
Commons ChamberI would be very happy to meet the hon. Member and look at the specific issues that she has raised, but I reassure her that HMRC is currently in a programme to ensure that traders have to fill in fewer forms and that forms are prepopulated, so that customs can be streamlined for the trader.
Does the Minister agree that a trade agreement with India would be a huge boost to our exporters, including our alcohol exporters?
The Government are very much committed to trade agreements across the globe and would welcome a trade agreement with India.
(3 years, 1 month ago)
Commons ChamberIt was very interesting to meet my hon. Friend, together with his colleagues from the all-party parliamentary group on investment fraud, and to hear his idea. As we discussed, Her Majesty’s Revenue and Customs is very keen to make clear which schemes do not work. That is why, in the Finance Act 2022, the Government legislated to allow HMRC to name promoters and the schemes they promote at the earliest possible stage, to warn taxpayers of the risk of entering into those schemes, and to help those already involved to exit avoidance.