Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Melanie Onn Excerpts
Tuesday 1st October 2019

(5 years, 2 months ago)

Commons Chamber
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Simon Clarke Portrait Mr Clarke
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We are committed to bringing forward growth deals across the UK. Obviously, in the devolved Administration areas, we want to bring forward money from our side, but with effect from the Welsh and Scottish Governments as well. We want to see progress across the UK; it is not restricted to Scotland.

Melanie Onn Portrait Melanie Onn (Great Grimsby) (Lab)
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15. What (a) tax incentives and (b) regulatory changes he plans to introduce to encourage foreign businesses to use free ports in the UK.

Rishi Sunak Portrait The Chief Secretary to the Treasury (Rishi Sunak)
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We are developing an ambitious and attractive UK free port offer to create hubs that will attract inward investment, create jobs and boost trade. Typically, free ports only offer customs benefits, but we are looking to go further than that to ensure that these turbo-charged areas can drive growth for their community.

Melanie Onn Portrait Melanie Onn
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I thank the Minister for that answer and for his speculative phone call earlier trying to tease out the nature of my question to him. The Conservative Mayor for Tees Valley, a member of the Government’s very carefully selected free ports advisory group, says that he hopes to see reduced corporation tax and exemption from employers’ national insurance contributions. Has the Minister made an assessment of the impact of these Tory proposals on the Exchequer and the state pension fund?

Rishi Sunak Portrait Rishi Sunak
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I pay tribute to the Conservative Mayor, Ben Houghton, in Teesside for championing his community. He has been advocating a free port because he believes that such a phenomenon will create jobs in his area, drive inward investment and boost trade. I hope that the hon. Lady would welcome that for her community in Grimsby, where the seafood industry and Associated British Ports, the port employer, has loudly called for such free port status for her area. I hope that, when the opportunity comes, she will support her community in applying for that.