Finance (No. 4) Bill

Debate between Sammy Wilson and Karl McCartney

Wednesday 18th April 2012 Commons Chamber

[Karl MᶜCartney]

Not at this point.

It has been interesting—and would be again—to hear from the Chancellor or his Ministers what positive signs we have seen from businesses after he announced the change. Once again, why does the Labour party fly in the face of business leaders’ opinion? As I have said, the 50p tax rate raises only a fraction of what was intended and is bad economics. It is better to put the British economy first, ahead of cheap headlines, but then that was never the Labour way, was it? One would have thought by now that Labour might have learnt some economic lessons.

The cut in the 50p tax rate was never a priority of this Government. Raising the personal tax allowance and helping low and middle income earners has always been the No. 1 priority tax cut for the Government and that is what we have done. This is a Budget to be welcomed by all with far-reaching tax reform that Labour should be embarrassed it never even considered. It announces the largest ever increase in the personal tax allowance, which will benefit 24 million ordinary families up and down our country. Most basic rate taxpayers will gain at least £220 every year. In total, this Government will have taken 2 million low paid people out of tax altogether.

Labour spent much of the aftermath of the recent budget indulging in photo calls in unfamiliar territory for Labour Members—any pasty shop they could find. Even an unannounced visit to my own constituency of Lincoln by the photogenic brother of the Leader of the Opposition, the right hon. Member for South Shields (David Miliband), featured such a stunt. Among all this new-found fondness for pasties, but perhaps notably not for one bottle of a famous brown sauce, the Leader of the Opposition has strongly criticised the decision to cut the top rate from 50p.

The right hon. Member for Doncaster North (Edward Miliband) made a laughable claim when he said:

“After today’s Budget, millions will be paying more while millionaires pay less.”—[Official Report, 21 March 2012; Vol. 452, c. 809.]

He is the true heir to Blair, is he not? Soundbite, not substance—and not even basic mathematical understanding. After this Budget, not only will millions of people pay less tax, but many low earners will pay little or no income tax. If, as we know, the 50p top rate raised only a fraction of what was intended and in addition harmed our international competitiveness and, as other Budget changes have ensured that the direct cost of the reduction to a top rate of 45p has been mitigated many times over, that should surely be welcomed by Members on both sides of this House.

[Sammy Wilson]

Let me make it clear that my party is not a party of high taxation. We do not wish to see people squeezed until the pips squeak and we are not ideologically committed to high taxation.

Rupert Murdoch and News Corporation Bid for BSkyB

Debate between Sammy Wilson and Karl McCartney

Wednesday 13th July 2011 Commons Chamber

[Sammy Wilson (East Antrim) (DUP)]

My party has no hesitation in backing the motion. The debate has now moved on. There will be inquiries. There will be an investigation of the wrongdoing, and there will be an investigation of the police and their activities. However, one thing must be dealt with if we are not to see a repeat of these events and a further undermining of our democracy. I refer to the whole issue of the concentration of press power in the hands of one organisation. It does not matter whether it is concentrated in the hands of News International, Rupert Murdoch or anyone else, but as long as that concentration is there, there will always be a tendency for those of us who are involved in the political field to want to be on the right side of the people who hold the power.

[Karl MᶜCartney (Lincoln) (Con)]

Does the hon. Gentleman agree that the debate is about more than a media mogul owning newspaper and television companies? Does it not also flag up the issue of dual share structures, in which the owners of one class of share, such as the class A non-voting shareholders of News International, have no voting rights?

[Sammy Wilson]

We must address everything that leads to that concentration of power. If that is not dealt with, there will always be a tendency to rush after and try to please those who have such influence.

We have only to consider the accusations that have flown back and forth across this House today. Why did the current Prime Minister, when he was at a low ebb in opposition, and under pressure from the Government of the day, hire a dodgy character even though he had been warned? Was that because of the influence that that might give and the doors that that person would open? Was it because of some of the other benefits that would come from the appointment?

Why did the current Prime Minister’s predecessor bottle this, despite the fact that he knew about wrongdoings? He told us today that he knew about them. Was it because the Home Office said he could not do anything? Was it because the police said there was no evidence? Or was it because he knew there was a certain limit beyond which he could not go? After all, he was the Prime Minister, so he could have made the decision. I do not wish to be partisan; I just think that we must look at what has happened under both the current Prime Minister and previous Prime Ministers. How did they behave? How did parties behave when in government and seeking the support of News International? As long as we have that concentration of power, there will always be the danger that our democracy might be undermined by those to whom we have to pander because we need the headline.

That is bad for the business concerned as well, because of what it then believes. I have no doubt that News International believed it could get away with what it did get away with, because, being in such a powerful position, it felt that politicians might pull their punches and that the police might not fully investigate matters. As it felt that it could get away with some of those activities, it did them; then it pushed the limits and went further and further. If we do not deal with the concentration of power, I believe that this might happen again, regardless of what comes out of the inquiry, who goes to jail, and what sanctions are put in place.