Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Ranil Jayawardena Excerpts
Tuesday 19th March 2024

(7 months, 2 weeks ago)

Commons Chamber
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Laura Trott Portrait Laura Trott
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The Barnett consequentials formula is long established. It gives a clear framework, through which we can understand spending in the devolved nations. The hon. Gentleman will know that it means higher per-person funding in each of the devolved nations than in England.

Ranil Jayawardena Portrait Mr Ranil Jayawardena (North East Hampshire) (Con)
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I am delighted that my right hon. Friend the Chancellor is seeking to make the tax system more family friendly, including by collecting household data in the years ahead, but being family friendly includes looking after the family home. Sweden abolished inheritance tax in 2004. The result was a boom in entrepreneurship, economic growth and higher tax revenues. Will he, or one of the excellent ministerial team, meet me to discuss that further?

Nigel Huddleston Portrait The Financial Secretary to the Treasury (Nigel Huddleston)
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I thank my right hon. Friend for his advocacy in support of families. We have had conversations, and I know that he very much welcomes the changes to the high-income child benefit charge and child benefit. We always keep taxes under review, and I am always delighted to meet him.