Ruth George
Main Page: Ruth George (Labour - High Peak)Department Debates - View all Ruth George's debates with the HM Treasury
(5 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hammond
We have been closely involved in this issue, discussing it both in the EU and with the Swiss. I can tell the House that although on the face of it the withdrawal of equivalence had a very significant effect on the ability of UK shareholders to trade Swiss shares on the Swiss stock exchange, the measures that the European Securities and Markets Authority announced on Friday significantly mitigate the impact. So we very much hope that the European Union and Switzerland will be able to reach agreement, and of course there is a very direct relevance to the UK’s own negotiations with the European Union.
Ruth George (High Peak) (Lab)
Will the Chancellor commit to enabling the 120,000 families on very low incomes who find out about a tax credit overpayment when they claim universal credit to have a fair chance to appeal against those deductions averaging £1,500 being made and to giving them a chance to raise themselves out of poverty?
Jesse Norman
I am grateful to the hon. Lady for the question, and I am happy to refer her to the welfare Secretary on the matter.