Budget Resolutions

Debate between Mel Stride and Caroline Lucas

Wednesday 11th March 2020 Commons Chamber

[Mel Stride]

My right hon. Friend intervenes exactly as I am about to move on to just that point. I assume that the Chancellor is adhering to the rules set out in the manifesto. In other words, we will borrow up to 3% of GDP, subject to a cap in the event that the interest on that borrowing meets or exceeds 6% of the Government’s revenues. It seems to me, from what I have quickly scribbled on the back of a piece of paper, that the kind of figures for public sector net investment he envisages rolling out—I think he gave a figure of £110 billion by 2024-25—probably pushes us right up against that 3% level. I am looking at the Chancellor and he is kind of nodding, slightly at least, so I am assuming that that is broadly correct. The Select Committee will want to probe how sustainable that is, particularly in light of possible recasting of forecasts going forward.

The Chancellor also raised a very interesting point about how to categorise human capital as between day-to-day spending and investment. I know he will be looking at that very closely. I can assure him that the Treasury Committee will be also be looking at that very carefully to make sure it is a rational and sensible thing to do, and not in any way shuffling the figures around to spend more and break existing arrangements. The announcements on greater spending on housing, green investment, flooding arrangements, roads, rail and the A303—thank you for what you are doing for the south-west, Chancellor—are all important, particularly given our historically low levels of productivity.

[Caroline Lucas (Brighton, Pavilion) (Green)]

There has been plenty of green rhetoric in the Budget for sure, but Treasury decisions continue to drive the climate emergency. There will be a freeze on fossil fuel duty, over £20 billion for new roads, compared to just £1 billion on green transport, and no commitment to removing the climate-destroying duty to maximise the economic recovery of fossil fuels. Does the right hon. Gentleman not agree that when it comes to showing how muddled he is on green issues, the Chancellor is absolutely getting it done?

[Mel Stride]

I am afraid I have to completely disagree. To give them credit, the Government were in the vanguard of making the commitment to net zero by 2050. Indeed, the Chancellor made a very important announcement just now about a huge investment in carbon capture and storage, which could be a part of further revolutionising the production of power and energy in our country, and making sure it is greener.

Turing briefly to the remarks the Chancellor made in respect of the Green Book and how investments are analysed, it is very important that we get that right, not least in encouraging green investment. The Chancellor might want to look at the kind of discount rates we apply to green investment propositions to make sure that the Government are encouraged to invest upfront rather than further back in time. On levelling up, the Green Book needs to accommodate the fact that we need to get away from the natural returns we get in London and the south-east, and get investment out into the regions, particularly the south-west of England. [Interruption.] I see the Chancellor nodding again. That all helps to meet our net zero quest.

Leaving the EU: Economic Analysis

Debate between Mel Stride and Caroline Lucas

Wednesday 28th November 2018 Commons Chamber

[Mel Stride]

My hon. Friend’s assertions lie at the heart of what we are all considering: the future of our country and the expressed will of the British people at the time of the referendum. What this deal—as opposed to no deal—will do is safeguard our economy and the jobs that we have created as a Government, ensure that we deliver on our pledge to take control of our borders, our money and our laws in order to protect the integrity of the United Kingdom, and enable us to go out as a globally facing nation and do deals with other countries around the world.

[Caroline Lucas (Brighton, Pavilion) (Green)]

The Government are treating both Parliament and the people with contempt. The economic analysis published today is essentially worthless, because it does not model the Prime Minister’s blindfold Brexit. We have just heard why that is: because there are not enough facts in there, and it is just a leap into the dark. Does the Minister accept that the British public deserve better than this? Does he accept that they deserve facts, and that they also deserve a say on those facts?

[Mel Stride]

I assume that the hon. Lady is referring to the suggested second referendum. As I said in my opening remarks, I think that that would be entirely the wrong route. The British people took a decision in 2016. At that time the hon. Lady and I were on the same side of the argument, but the difference between us is that I respect that democratic decision. It would not be appropriate to go back with what would be a politician’s vote to seek a different outcome.

Paradise Papers

Debate between Mel Stride and Caroline Lucas

Monday 6th November 2017 Commons Chamber

[Mel Stride]

My hon. Friend is absolutely right. One measure that the Opposition have said a future Labour Government would take is to stick the corporation tax rate up to 26%, which would do nothing to create jobs, nothing to create wealth, nothing to improve our economy and, most importantly, nothing to raise the vital taxes that we need to support our vital public services.

[Caroline Lucas (Brighton, Pavilion) (Green)]

Given what the Paradise papers reveal about the industrial scale of tax dodging, together with the shaming fact that some of the UK’s overseas territories and Crown dependencies are the largest tax havens and secrecy jurisdictions in the world, will the Government drop their morally indefensible blocking of the development of a credible and meaningful EU blacklist of tax havens?

[Mel Stride]

The hon. Lady is simply wrong. The discussions on the blacklist at the European Union are ongoing and the United Kingdom Government have done nothing to attempt to block them. We are firmly and deeply engaged in them and expect them to conclude by the end of this year.

Badger Cull

Debate between Mel Stride and Caroline Lucas

Thursday 25th October 2012 Commons Chamber

[Caroline Lucas]

I thank the hon. Gentleman for that intervention, which brings me neatly to the situation in Wales, about which I know something. The Government there have used the same scientific evidence as DEFRA and have begun a five-year badger vaccination programme, starting in parts of Pembrokeshire. More than 700 badgers have been vaccinated since the start of that programme, which is about halfway through the land that it needs to cover. That part of the programme is on track to be finished towards the end of October. I hope that England will be able to learn from Wales and elsewhere to see how the problem can be tackled most effectively.

[Mel Stride (Central Devon) (Con)]

Does the hon. Lady not accept that until there is an oral vaccine, it is totally impractical to try to vaccinate the badger population? First, they have to be caught. Secondly, the person doing the catching has to be licensed by Natural England at huge cost, and thirdly, the cost is estimated at £2,250 per square kilometre.

[Caroline Lucas]

Trying to kill badgers is also extremely difficult. The original randomised badger culling trial was about killing badgers by capturing them in cages first, but the Government have dismissed that as too expensive. In doing so, they have reduced the likely effectiveness of the policy. It will lead to people trying to shoot badgers, which are difficult to kill outright because of their shape and size. That is extremely costly, and crucially it also spreads the disease even more widely. Vaccinating badgers is not easy, but it is a lot easier than shooting them in the way that the Government propose. It is also an awful lot more effective in stopping the spread of TB. That seems to me a good argument for not going ahead with shooting.