(8 months, 1 week ago)
Commons ChamberThe Government will raise the point at which child benefit is fully withdrawn to £80,000 from £60,000, and we will raise the high-income child benefit charge threshold to £60,000 from £50,000 from 6 April 2024, taking 170,000 families out of paying the charge. Overall, these changes mean that almost half a million hard-working families will gain an average of £1,260 towards the cost of raising their children.
These changes are welcome, and they mean that more Lincoln families will receive more support from the Government, as I told the Minister in Lincoln on Friday. Will my hon. Friend confirm when the formal consultation on basing child benefit on household income rather than on individual income will commence, if the civil servants in the Treasury will let him do it?
I thank my hon. Friend. It was a pleasure, as always, to meet him in his constituency on Friday, where we discussed this matter and many others. The Government will launch a consultation in due course on how to end this unfairness by administering the HICBC on a household rather than an individual basis. Doing so would require significant reform of the tax system, as our tax infrastructure does not currently have a mechanism to consider household income, but the Government plan to end the unfairness for single-earner families in the child benefit system by administering the HICBC on a household rather than an individual basis by April 2026.
(1 year, 4 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.
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My hon. Friend makes a sensible point that is pivotal to our future trading arrangements. We are the second biggest service exporter in the world. Those services are increasingly being transported, and therefore physical distance does not matter—they can be delivered at the press of a button. We have an excellent reputation on those. He makes the point about London; more than 3,000 businesses are owned by CPTPP members, and over 100,000 jobs are reliant on those businesses. That will only increase over time. It is important to stress that London is benefiting from our relationship with CPTPP members, but more than 75% of the benefits are outside London.
In contrast to the negativity from the Opposition Benches that oozes across the Chamber, I positively welcome my hon. Friend’s update. Is there anything comparable in recent history or down the tracks as good as the agreement and partnership that has been entered into?
Let us bank this agreement for the positive benefits it will bring. My hon. Friend knows I am a yellowbelly, and Lincolnshire people always talk common sense, as does he. There are a lot of opportunities, but this is one of many deals we have already signed and inked—more than 70 since we left the European Union. We are in negotiations with many areas including India, Switzerland and others. Importantly, we are focusing on services as well as goods, because some of those deals do not cover services at the moment.
(7 years, 12 months ago)
Commons ChamberSince the referendum in June, I have had discussions with a wide range of stakeholders across Wales, from the Wales Council for Voluntary Action, to the farming unions, the CBI Wales and the Institute of Directors in Wales, to hear their views on how to secure the best deal for Wales and the UK as we leave the EU. Those conversations are informing my discussions with Cabinet colleagues, as well as with the Welsh Government.