(5 months, 2 weeks ago)
Commons ChamberIt is a pleasure to follow the hon. Member for Aberdeen North (Kirsty Blackman), because it gives me the opportunity gently to point out to her that she represents a party that is presiding over the part of the United Kingdom with the highest rates of personal taxation in the UK. She does not seem to understand that we can address the cost of living pressures for those in work by cutting taxes, as the Chancellor has just done for 27 million people in this country. Cutting the national insurance rate by 2p next month, on top of the 2p cut this January, will make a material difference for families across the country—in particular, in south Shropshire. It sets a clear direction of travel for lower rates of personal taxation in the future under the next Conservative Government.
No, I am afraid I have no time. Madam Deputy Speaker is being very strict.
Those measures, combined with the above-inflation increases to thresholds since 2010, mean that the average south Shropshire worker now earns £34,500, and in the next fiscal year will pay over £1,500 less in personal taxes than they otherwise would have done had the Government increased thresholds only in line with inflation. I welcome what has been done. I also welcome the raising of the threshold and the halving of the rate at which higher income child benefit is withdrawn, which means that by April 2026 the Chancellor will have ended the unfairness for single-earner families.
Those who are over 65 years old—I declare an interest—comprise 31% of south Shropshire’s residents, compared with 18% nationally, so pension incomes are of particular importance to my constituents. Thanks to the fact that the triple lock has been maintained, the full annual amount of the basic state pension is £3,700 higher in cash terms than in 2010. The triple lock increased the state pension by 10.1% this year, and it will increase by a further 8.5% next month. In addition, the tax-free personal allowance, at £12,570, remains high enough that a pensioner receiving only a full basic or new state pension will not pay any tax on that income. That is a significant advance for pensioners on the legacy left by the Labour party.
My constituency is very rural and most people have to rely on cars. The extension of the fuel duty freeze will keep fuel costs lower than they otherwise would have been, and the freeze on alcohol duty and the extension of business rates relief will significantly help the hubs of our communities in rural areas—our pubs.
As a farmer, I was very pleased that the Chancellor listened to calls from farming organisations and the Conservative Environment Network, of which I am a member, and addressed the anomalous disincentive under which agricultural property relief was not available for land entered into some natural capital land use schemes. That is a welcome correction.
In the remaining moments I have, I want to touch briefly on how the work of the Environmental Audit Committee relates to the Budget. I was very pleased that the Government have committed to the sixth round of the contracts for difference for renewable energy projects getting the largest funding allocation to date—more than £1 billion. I am pleased to see the Minister for Energy Security and Net Zero, my right hon. Friend the Member for Beverley and Holderness (Graham Stuart), in his place. The Government have clearly learned lessons from the previous round, and have recognised that prevailing market conditions will inject commercial realism into the UK’s approach to this increasingly competitive global market.
Although support for renewable energy production is welcome on the path to decarbonising the economy, it cannot happen in isolation. It is clear from our Committee’s current inquiry into enabling sustainable electrification of the UK economy that electricity infrastructure, including transmission, distribution and storage, will also have to increase materially to handle the increased generation capacity that will be required to meet the increased demand. It was good to see that recognised in the Budget, which builds on the energy system announcements last autumn to reform grid access. Since November, more than 40 GW of energy projects have been offered earlier grid connection dates, accelerating and modernising the system to allow more renewable energy projects to connect more quickly. I do not wish to pre-empt the conclusions of our inquiry, but the Government are bringing forward measures to remove barriers to infrastructure investment, and are developing important guidance to encourage better community benefit for those affected.
I turn to the other energy announcement. I was very pleased by the progress on the acquisition of nuclear energy sites from Hitachi, both in the constituency of my hon. Friend the Member for Ynys Môn (Virginia Crosbie) and in Oldbury in south Gloucestershire. I have written on behalf of our Committee to raise concerns about the pace of progress, and in a debate on the civil nuclear road map two weeks before the Budget I called on the Government for progress on site selection. Hon. Members who were up early enough this morning will have heard the chair of Great British Nuclear, Simon Bowen, announce that Great British Nuclear now envisages taking two small modular reactor projects through to final investment decision in the next Parliament, which is a welcome breakthrough.
Finally, I welcome the further clarity on the carbon border adjustment mechanism—first confirmed in December—which will be introduced from January 2027. Our Committee did a significant amount in laying the groundwork for that policy, which I hope the Minister might recognise. By giving a date to which the industry can plan, it will have the confidence to invest in decarbonisation efforts; it will know that a carbon border adjustment mechanism will mean that less environmentally harmful products will be manufactured here and that we can reduce imports, so that the investments of UK manufacturers in decarbonising cannot be undercut through weaker environmental standards.
This was a thoughtful, prudent Budget, which will generate lower taxation for individuals over time and grow the economy under the Conservatives.
(6 months ago)
Commons ChamberWe provided that funding for swimming pools precisely because we recognised the particular challenges they faced given high energy bills. More broadly, we are providing over £300 million of support for facilities up and down the country, including rural areas. That will help us to get more people active, which is a key strand of our Get Active sports strategy.
Would my right hon. Friend the Minister be willing to meet me to discuss the challenges faced by leisure centres in local authority areas facing budgetary pressures, such as Shropshire? He mentioned the swimming pool fund, but there might be other opportunities to sustain these vital resources for local people, including those in Shropshire.
It sounds as if I need to have a cross-Shropshire meeting to discuss facilities in that area. We have been clear about the funding provided for swimming pools. As part of our strategy and determination to get more people active, we will be doing a piece of work to understand the location of black spots where we need to do more to provide more facilities and what those facilities should be to address local needs.
(3 years, 5 months ago)
Commons ChamberIt is a pleasure to follow the hon. Member for Rochdale (Tony Lloyd).
I would like to make three brief points in this important debate on the Chancellor’s Budget statement. First, I applaud the priority to help to protect jobs and support businesses as we emerge cautiously from the restrictions imposed to combat the covid pandemic. I therefore welcome the extension of the furlough scheme to September and the increased support for the self-employed, in particular those who started a new business during the year before covid struck. I am grateful to my right hon Friend the Secretary of State for Digital, Culture, Media and Sport, who opened the debate, for the work he has done to secure survival funding for the sports, arts, culture and heritage sectors. These groups have been a lifeline for cultural venues like the Ludlow Assembly Rooms and the Majestic cinema in Bridgnorth in my constituency, with major support going to the Ironbridge Gorge Museum Trust, to ensure that these will all soon be able to reopen. The continued business rates holiday and the VAT cut for hospitality and tourism businesses will also be a huge help in south Shropshire when they are able to reopen.
Secondly, I welcome the green finance measures, extending the Bank of England’s remit to reflect the transition to net zero Britain, which the Environmental Audit Committee had specifically called for. The confirmation of the £15 billion green gilts issuance, the launch of environmental retail savings products and the review of carbon offset market trading will all help to cement the City of London’s leadership in green finance. The City and its regulators should lead the way in developing global standards of taxonomy to monitor and rate company performance and investment products and portfolios, as part of our contribution in hosting both the G7 and COP26 this year.
The Budget had some encouraging pointers to help the UK to meet its environmental obligations. The major boost to business investment through the super deduction capital allowance will help business to invest in newer, cleaner technology. It was also good to see the £12 billion investment in the new UK infrastructure bank, with a remit to help to drive green growth and create green jobs, as will the development of freeports and growth hubs, and the hydrogen projects, unlimited investment in offshore wind and the port infrastructure that were announced.
But despite these promising moves, covid has delayed many of the detailed environmental policies needed to deliver net zero Britain. The private sector is poised to invest in projects contributing to the economic recovery and to net zero Britain, but they need the demand signals and policy structures in place from Government to do so. The Chancellor missed this opportunity and made little further progress in aligning recovery measures to the overarching Government ambition to achieve net zero Britain. Last summer, the Chancellor launched the green homes grant—an excellent initiative to help the 19 million homes that need energy efficiency measures to cut carbon emissions, but unfortunately he did not choose the Budget to overhaul and extend this scheme so that it would live up to his ambitious targets.
(4 years, 10 months ago)
Commons ChamberI thank my right hon. Friend for his question. He is right; this is about people being able to see improved coverage. That is why it is important that the mobile network operators conclude the binding legal agreement, so that we are able to map, have milestones for when the coverage will be delivered and understand exactly what infrastructure is needed and which operators need to share infrastructure more. I hope that he will play his part as the local MP by asking operators those questions, and we will certainly play our part in ensuring that they reveal that information to MPs.
I echo the wide welcome for my right hon. Friend’s announcement from those Government Members who represent rural constituencies, as well as from some Opposition Members, excluding those on the shadow Front Bench, who do not know what “rural” means. My right hon. Friend referred to the emergency services network and making massive improvements to coverage in the road network, which is excellent. Could she also encourage the operators to improve the signal on our rail network? Many of us are unable to work while travelling to and from this place by rail.
I thank my right hon. Friend for that challenge. He is right; improving rail connectivity remains a significant ambition. I have spoken to the Secretary of State for Transport about that. There are some other challenges, but we are working out how we can do that. I am pleased to say that in the latest franchise, there was a greater requirement for on-board connectivity, and I hope that we will be able to see that throughout the network.