Leaving the EU: Economic Impact of Proposed Deal
Debate between Mel Stride and Jeff Smith(5 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Mel Stride
The hon. Gentleman overlooks the fact that the trade deal with Japan has been struck at a time when we are members of the EU. There will be an impact on car producers, and we see that as part of the reason why Honda has taken its decision. The most important thing is that we enter into an arrangement with the EU where we minimise the frictions at our borders, have a free trade agreement with the EU27 and make sure that trade continues to flow. The best way to do that is to support the deal we are negotiating with the European Union.
Jeff Smith (Manchester, Withington) (Lab)
The Government’s letter to Nissan promised that its ability to export to and from the EU would not be adversely affected by Brexit. How on earth can that possibly be reconciled with the Prime Minister’s red lines?
Mel Stride
My right hon. Friend the Prime Minister has a clear commitment to entering into a future trading relationship with the European Union based on the political declaration, which has at its heart a free trade area—tariff-free trade—and to making sure that we have the customs facilitations in place to ensure that that trade flows as freely as possible.
Finance Bill (First sitting)
Debate between Mel Stride and Jeff SmithTuesday 17th October 2017
(7 years, 1 month ago)
Public Bill CommitteesRead Full debate Finance (No.2) Act 2017 View all Finance (No.2) Act 2017 Debates Read Hansard Text Read Debate Ministerial Extracts Amendment Paper: Public Bill Committee Amendments as at 17 October 2017 - (17 Oct 2017)
Mel Stride
As we have set out, clause 6 makes changes to simplify the PSA process. I am grateful that the hon. Member for Bootle appears to welcome those changes. The Government believe that it is extremely important to lower the burdens on our businesses, which create the wealth and pay the taxes that pay for the public services that, as a civilised society, we all want.
The hon. Gentleman raised making tax digital and the digital changes to the way that tax will be reported. He will know that I laid a written ministerial statement a little while ago that set out a changed timescale for the roll-out of that element. Consequently, no businesses will be involved in making tax digital until 2019 at the earliest, and even then only those at or above the VAT threshold will be involved, and only in respect of VAT reporting. No further roll-out will occur in any other areas until 2020 at the earliest. The Government are in listening mode, and we have listened extremely carefully and reacted extremely positively to feedback from businesses.
The hon. Gentleman raised several pertinent and legitimate questions about the piloting of the making tax digital process. They were very specific, and I do not think for a moment that he expects me to have all the answers in my head, talented though I am.
Mel Stride
And modest—quite. I will ensure that we write to the hon. Member for Bootle to answer the specific questions that he asked in that context.