(8 years, 2 months ago)
Commons ChamberI am aware of the slightly different arrangements for the promotion of tourism in Northern Ireland, although I have had no discussions with the Minister responsible for it. I think he has only just arrived. I look forward to meeting him in due course, and I shall be happy to talk to him about the issue then.
I join the Secretary of State in applauding last year’s success, when a record number of people—36.1 million—visited the United Kingdom. As he will know, 67% of those visitors were from the European Union and 74% were from other European countries. Will he join me in saying, “Thank you, Europe—thank you, our European colleagues—and please come more and spend more”?
I am extremely happy to join my hon. Friend in saying that. My view is that this country would prosper better outside the European Union, but that is in no way reflected in my attitude to our fellow citizens in Europe coming to visit us in the UK. I hope that they will continue to do so in ever-increasing numbers, whether or not we are in the European Union.
(8 years, 4 months ago)
Commons ChamberI look forward to reading the hon. Lady’s report. The Treasury takes a balanced approach to making sure that we stay on target to meet our commitments. We are on target to meet our commitment of 15% of renewable energy by 2020, but we must do so in a cost-effective way, recognising that the subsidies to early stage technologies can only be paid for by taxpayers.
Will the Exchequer Secretary join me in congratulating the UK solar power industry on being one of the top 10 in the world? It is larger than that in Australia and slightly smaller than that in Spain, despite having a rather less advantageous climate.
Indeed. Were it only the case that the sun would always shine. Under Labour, we had the highest dependency on fossil fuels in the G8 and the lowest contribution from renewable energy of any major EU country. As I said earlier, the deployment of solar power has been a great success story since 2010.
(8 years, 5 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Will the Minister confirm what the top rate of income tax is today, what the top rate of income tax was for 99.3% of the previous Labour Government, and how many basic rate taxpayers have been taken out of paying income tax altogether under the Conservatives?
(8 years, 5 months ago)
Commons ChamberThe hon. Lady seems to be opposing the national living wage. I think it is a progressive policy. Indeed, it was based on work by the Resolution Foundation. If you want a regressive policy, I will give you one. How about increasing the basic rate of income tax? That is what the Labour party is proposing in Scotland—the first sign of what an economic policy would look like under this new Labour leadership. How can an increase in the basic rate of income tax, which would hit people earning over £11,000, be remotely progressive or fair?
22. Most businesses, as well as workers, in my constituency warmly welcome the introduction of the national living wage and the increased spending power it will deliver. Will the Chancellor and his team carefully monitor the implementation of the national living wage to see whether there are any unintended consequences, particularly in sectors where margins are already small, such as farming, social care and hospitality?
We will of course monitor the impact of all our policies on the economy and on particular sectors. That is one of the reasons why, alongside introducing the national living wage, we have introduced the new council tax supplement for the social care sector. The Office for Budget Responsibility analysis when we announced the national living wage was that, while in theory 60,000 jobs could be lost in the future that might otherwise have been created, the other policies we were pursuing would see over 1 million new jobs created, so the overall effect is an increase in employment of over 1 million.
(8 years, 6 months ago)
Commons ChamberI draw hon. Members’ attention to the Register of Members’ Financial Interests and go beyond that by declaring that, prior to the 2015 general election, I worked for Google—often commented on as the most desirable company in the world to work for. However, I must make it very clear that I am not a spokesperson for Google. I did make it clear in my maiden speech that I wish to be an advocate for the internet and digital sectors in the UK. After all, at 12.4% of gross domestic product, that is the largest of any internet sector in the world—greater than that in Germany and France, and even double the size of that in the US.
However, the question of whether Google, or indeed any of these internet companies, pays its fair share of tax is a reasonable one. Google does many things. Deciding on tax law is not one of them. That is squarely the responsibility of this place; we make those decisions in here. If we want to change the laws, that is our responsibility.
Corporation tax, like income tax, is not a voluntary tax. You pay what you owe—no more, no less—according to the law. HMRC does a very good job of implementing that law under difficult circumstances, particularly for companies that are complex and deal internationally, where it is difficult to hold intangible products, where intellectual property and transfer pricing are involved, and where customers are served from multiple territories.
What we really need to do—the hon. Member for Kirkcaldy and Cowdenbeath (Roger Mullin) made some valid points—is update the international trade laws because these days, of course, international trade is as likely to be conducted by the push of a button as by being shipped in canisters and widgets from country A to country B. The reality is that some of our tax laws are as old as the 1920s.
While this Government are trying to make progress—indeed they have closed many loopholes—we have a lot more to do. Nothing should be taken out of consideration. We should carefully consider whether corporation tax in its current form is still fit for purpose. Comments about whether the practice of establishing intellectual property in international tax havens is valid or not are fair ones to investigate.
We must remember that Google was founded only in 1998, which makes it a teenager, and many other major internet companies are also teenagers. Teenagers make mistakes; they need guiding. It is up to us, in the role of a responsible parent, to make sure that we reset the ground rules on behaviour.
(8 years, 7 months ago)
Commons ChamberWe set out today the strategy to give more direct help to our exporters across the United Kingdom, and Lord Maude presented to the Cabinet the proposals to do that. On getting lectures on public finances from Scottish nationalists, I have to say that we would be heading towards the break-up of our country in two months’ time if the people of Scotland had listened to the arguments of the Scottish nationalists, whose calculations were based on an oil price of $115, which at the time the right hon. Member for Gordon (Alex Salmond) described as “quite a conservative estimate”. The oil price is now less than $30. It would have been an absolute catastrophe for the people of Scotland if they had listened to the figures and economic advice given by the Scottish National party.
What efforts are the Government making to widen access to basic bank accounts?
(8 years, 8 months ago)
Commons ChamberT2. In the last year, there were 922 million visits to gov.uk websites. Is this in line with the Minister’s expectations, and how can the service be further improved?
Gov.uk is one of the first parts of the work that we have done to ensure that government is digitally enabled, making citizens’ lives easier by making it easier for them to interact with government. The number of hits is far higher than anybody expected, which is a tribute to the work of the people who put it together. [Interruption.]
(9 years, 2 months ago)
Commons ChamberMadam Deputy Speaker—congratulations, and thank you for allowing me to make my maiden speech during this important debate on the economy. It is a privilege to follow the hon. Member for Coventry South (Mr Cunningham), and I also congratulate all the previous speakers who have made their maiden speeches today. They have set the bar very high for the rest of us who are following them. Thank you for that!
I should like to begin by paying tribute to my predecessor in Mid Worcestershire, Sir Peter Luff. Peter was first elected to this place in 1992 as the MP for Worcester, following in the footsteps of another highly respected Member, Peter Walker. Peter Luff was a Whip and a former Chair of the Business, Innovation and Skills Select Committee and the Agriculture Select Committee. He was also, of course, a Defence Minister in the last Government. Peter leaves a great legacy in Worcestershire. He fought for significant improvements to local infrastructure, including the new Worcestershire Parkway station which will open in 2017. He also worked hard to preserve and restore local heritage assets such as Hartlebury Castle, the Droitwich canals and the Regal Cinema. I will try to serve the kind and generous constituents of Mid Worcestershire as well as Peter did.
I am fortunate to represent one of the most idyllic constituencies in the country. A drive through Mid Worcestershire is a wonderful experience, starting from Broadway—the gateway to the Cotswolds—in the south, and heading through the gently undulating landscape of the Vale of Evesham, past fields of asparagus, plum and apple orchards, and greenhouses full of fragrant and beautiful flowers. One continues north, passing the Worcester Warriors rugby stadium, towards the historic town of Droitwich Spa and on to Ombersley and Hartlebury in the north. On the journey one will pass through many quintessentially English villages with splendid names, such as Upton Snodsbury, Flyford Flavell and my children’s favourite—Wyre Piddle. I am proud of the links between my constituency and this place via Simon de Montfort of de Montfort Parliament fame. In August this year we will commemorate the 750th anniversary of the battle of Evesham, where Simon de Montfort was killed.
The experiences of the past few weeks have taught us all in this place that there is no such thing as a safe seat in modern British politics, but Mid Worcestershire is about as true blue Tory as one can get, having returned a Conservative Member at every election since 1837, apart from once, in 1880, when a Liberal was returned as the MP for Evesham by two votes. As this result was transparently an error, a petition was lodged, the result was voided and a Conservative was returned instead. I like the precedent.
As I have spent the past several years working for one of the leading technology companies in the world, it will be no surprise that in this place I wish to be an advocate for technology and the digital sector, despite the fact that I am reading from a piece of paper. Ignore that for the moment. The UK’s digital economy is vital. It employs more than 1.5 million people and is growing at double the rate of GDP. We can be proud that the UK is one of the most advanced digital economies in the world, and I know that this Government are committed to making sure it continues to be so.
The other sector I wish to champion in this place is travel and tourism—again, one of the fastest growing sectors of the British economy. Since 2010 one in three of all new jobs has been in the travel and hospitality space, and tourism overall contributes more than £127 billion—a staggering sum—to the UK economy and employs more than 3 million UK people, including many in my constituency.
Finally, we all know that we can have good public services only if we have a strong economy that generates the taxes to pay for them. That is why it is vital that we continue to support business and job creation, thereby supporting workers and their families. That is what I am here to do. That is what this Queen’s Speech and this Government will deliver.