Nigel Huddleston
Main Page: Nigel Huddleston (Conservative - Mid Worcestershire)Department Debates - View all Nigel Huddleston's debates with the HM Treasury
Oral Answers to Questions
Nigel Huddleston Excerpts(6 years, 5 months ago)
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Mel Stride
As the hon. Lady will know, we have committed to zero-rate tampons at the earliest opportunity. The fact that we are not doing that at the moment is due to our membership of the EU. She will also know that we are providing to women’s charities an amount equivalent to what we raise through taxing tampons.
Nigel Huddleston (Mid Worcestershire) (Con)
The Chancellor will be aware that Government debt per household is around £65,000. Another name for that debt is deferred taxation. Does the Chancellor agree that the best way to increase tax revenue and reduce our debt is to grow the economy, which is exactly what we are doing?
Mr Hammond
Yes. There are two ways to get our debt falling as a percentage of GDP. By far the easiest way, and the most agreeable way for our constituents, is to grow the economy so that the denominator shrinks.