Autumn Statement Debate

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Department: HM Treasury

Autumn Statement

Patrick Grady Excerpts
Thursday 17th November 2022

(2 years ago)

Commons Chamber
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Jeremy Hunt Portrait Jeremy Hunt
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We are reducing the bank surcharge because we are increasing corporation tax from 19% to 25%, so banks are contributing to our having more money for the NHS and schools in the hon. Lady’s constituency.

Patrick Grady Portrait Patrick Grady (Glasgow North) (Ind)
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Where in the Chancellor’s statement is support for low-paid freelance and self-employed people, particularly those in the arts and creative sectors? Do not difficult times call for innovative solutions, such as the basic income guarantee for artists that is currently being piloted by the Republic of Ireland—which, incidentally, is a small independent member of the European Union?

Jeremy Hunt Portrait Jeremy Hunt
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We have announced a lot of measures to help people on low incomes. Anyone in receipt of means- tested benefits will receive £900 to help them with the cost of living, along with the inflation-linked uplift in universal credit, which is about £600, and about £500 to help them with their heating costs next year, at today’s prices. So there is a lot of help. However, if the hon. Gentleman is saying we should do more to support the creative industries which are so important to this country, I absolutely agree. I used to be the Culture Secretary, and I will do everything I can as Chancellor.