8 Sarah Atherton debates involving HM Treasury

Oral Answers to Questions

Sarah Atherton Excerpts
Tuesday 28th June 2022

(2 years, 5 months ago)

Commons Chamber
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John Glen Portrait John Glen
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What I believe in is a Government who make targeted support available to the most vulnerable. The Chancellor and this Government have on a number of occasions used fiscal events and bespoke interventions to support those vulnerable people. We have always been clear that we will not be able to ameliorate the full extent of the challenges facing the country, but we will continue to strive for greater growth and productivity that will bring us back to where we need to be.

Sarah Atherton Portrait Sarah Atherton (Wrexham) (Con)
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8. What fiscal steps his Department is taking to encourage levelling up across the UK.

Simon Clarke Portrait The Chief Secretary to the Treasury (Mr Simon Clarke)
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The levelling-up White Paper set out a clear plan to level up every corner of the United Kingdom by 2030. At the spending review last autumn, the Government showed how we would deliver our ambitious plan by delivering over £600 billion in gross public sector investment over this Parliament. That includes £4.8 billion in increased investment in local communities through the levelling-up fund, £1.6 billion for the next generation of the British Business Bank’s regional investment fund, and £2.6 billion for the shared prosperity fund.

Sarah Atherton Portrait Sarah Atherton
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Wrexham’s levelling-up gateway bid has been supported by a 16,000-signature petition to create the first international sporting stadium in north Wales. Does my right hon. Friend agree that people are at the heart of the Government’s levelling-up agenda, and that the amount of people who have signed that petition demonstrates the need for such a scheme in places like Wrexham, which has been ignored by the Welsh Labour Government for 20 years?

Simon Clarke Portrait Mr Clarke
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My hon. Friend is a fantastic champion for Wrexham. I remember her coming to see me to talk about the merits of this particular bid, which obviously has enormous popular support; the number of people who have signed her petition testifies to precisely that.

James Murray Portrait James Murray
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I give way to the hon. Lady; the hon. Gentleman has already made several comments.

Sarah Atherton Portrait Sarah Atherton
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I thank the hon. Gentleman. I am interested in what the Opposition are saying about not raising taxes. Will he explain why the Welsh Labour Government have not ruled out tax rises? It is in their discretion to do so, but they are not considering doing that until after the May elections.

James Murray Portrait James Murray
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I repeat a principle I mentioned earlier to the hon. Member for Bury North (James Daly): the remit of the Bill is national insurance and related matters, such as the spring statement yesterday. I will continue to focus my remarks on those.

The windfall tax that we have been pushing the Chancellor to adopt would fund support for people who need help with their energy bills now. As we have long said, alongside that immediate help we urgently need more investment in alternative sources of energy and insulation for our homes. That investment would help to cut energy bills in the longer run, as well as improving our energy independence and security. Yet on that front, the Chancellor has been all but silent, too.

Yesterday, the Chancellor announced a cut in VAT for energy-saving materials, but I do not think anyone believes that that is anywhere near enough to help the majority of families upgrade their homes. Our pledge, by contrast, is to invest £6 billion each year for 10 years to upgrade 19 million homes. That would cut energy bills by up to £400 a year while cutting gas imports by 15% too. That is the kind of transformational programme that our country needs.

Nigel Evans Portrait The Second Deputy Chairman of Ways and Means (Mr Nigel Evans)
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Before I call Sarah Atherton, while I am sitting here I am acting as Chair of the Committee, rather than as Deputy Speaker. It is only a technicality, but we should get it right.

Sarah Atherton Portrait Sarah Atherton
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Thank you, Chair. I wish to speak against amendment 1, in the name of the hon. Member for North East Fife (Wendy Chamberlain), and against new clause 1, in the name of the right hon. Member for Hayes and Harlington (John McDonnell). Amendment 1 is simply impractical. Employers, HMRC and payroll systems do not have time to bring these measures into effect by April. Our own pay body, IPSA, could not make these changes in time, let alone small and medium-sized enterprises and bigger companies. July is the earliest that can be done, and the Government should be commended on the pace with which the change will be universally introduced, bearing in mind that we will be midway through the financial year. The Government understand the needs of constituents. The cost of living challenge is hitting now, post-covid, and the Government are acting with haste.

My opposition to new clause 1 is similar: timing. We should not postpone this measure by undertaking impact reports that would cause unnecessary delays for families who need support with the cost of living as soon as possible. Wrexham has more than the Welsh and UK average of lower income households, and under the Welsh Labour Administration, for the past 22 years those numbers have been increasing, with more child poverty and more struggling households. We all accept that the situation has not been helped by the global pandemic, which none of us foresaw. Nor did we foresee the war on the fringes of Europe.

This is not strictly within the remit of the Bill, but I concur with my hon. Friend the Member for South Dorset (Richard Drax) in his call to increase defence spending.

Oral Answers to Questions

Sarah Atherton Excerpts
Tuesday 1st February 2022

(2 years, 10 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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Lord Agnew, obviously, has spoken for himself, and I do nothing but thank him for his service. We look forward to continue working on all the areas he has mentioned, in most of which we are already undertaking work. We are relentless in our aim to tackle those who have defrauded the taxpayer, and we will not stop until we have got as much back as we can.

Sarah Atherton Portrait Sarah Atherton (Wrexham) (Con)
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The Wrexham Gateway levelling-up fund bid attracts around £35 million of private finance. However, that investment in Wrexham will depend on a successful levelling-up fund bid the next time round. Will the Minister explain what considerations are made for bids with substantial private investment?

Simon Clarke Portrait Mr Simon Clarke
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My hon. Friend is a fantastic advocate for Wrexham, and for wider pride in north Wales, which is incredibly important. I am happy to meet her to discuss any aspect of the bid process that it would be helpful to discuss further.

Oral Answers to Questions

Sarah Atherton Excerpts
Tuesday 22nd June 2021

(3 years, 6 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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My right hon. Friend is right to highlight the difficult circumstances facing that sector, which is why I think in aggregate more than £7 billion of support has been provided to the sector through various means. He will know that there are some particularly large companies that talk to the Government on a bilateral basis. It would not be appropriate for me to comment on those conversations, but he will of course be aware of the support we have put in place, for example, for regional airports, the vast majority of which are paying no business rates for the first half of this year. As he would expect, we keep everything under review.

Sarah Atherton Portrait Sarah Atherton (Wrexham) (Con)
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What steps his Department is taking to support the financial services sector following the end of the transition period.

Lord Grayling Portrait Chris Grayling (Epsom and Ewell) (Con)
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What steps he is taking with Cabinet colleagues to secure an agreement with the EU on financial services.

John Glen Portrait The Economic Secretary to the Treasury (John Glen)
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The Chancellor set out the Government’s strategy on financial services to the House in November—a vision of a sector that is more open, more technologically advanced and a world leader in the use of green finance, serving the communities and citizens of this country. Since then, we passed the Financial Services Act 2021 in April to begin the necessary reforms to our framework, and we have agreed text with the EU for a regulatory co-operation forum.

Sarah Atherton Portrait Sarah Atherton
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There is no doubt that all should be done to support British businesses to export, no more so than in my constituency of Wrexham, which houses one of the largest trading estates in the UK. Businesses are keen to grasp these opportunities—none more so than Matclad, a specialist clay brick slip manufacturer, which is already reaping the benefits of exporting. Does my hon. Friend agree that schemes such as the parliamentary export programme, which I recently took part in, are an excellent opportunity?

John Glen Portrait John Glen
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I am very happy to agree with my hon. Friend. I experienced that myself with my hon. Friend the Member for North Wiltshire (James Gray). The parliamentary export programme is an excellent way of getting that ambition to export out across the country, and it is just another example of this Government’s commitment to grow exports. My hon. Friend the Member for Wrexham (Sarah Atherton) may also be interested to know that I shall be visiting Cardiff tomorrow to meet the first cohort of FinTech Wales’s FinTech Foundry, a new accelerator programme that will support firms as they seek to build their footprint.

Oral Answers to Questions

Sarah Atherton Excerpts
Tuesday 26th January 2021

(3 years, 10 months ago)

Commons Chamber
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Steve Barclay Portrait The Chief Secretary to the Treasury (Steve Barclay)
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The hon. Lady is right to draw attention to the commitment the Government have made to infrastructure, including in the forthcoming integration infrastructure plan, but the levelling up is not just about rail, as the Chancellor said; it is also about the £4 billion levelling up fund and, most importantly, about the review of the Green Book. As Lord O’Neill and others have commented, that ensures that a whole range of projects better address the levelling up alongside the significant investment in rail and other transport infrastructure.

Sarah Atherton Portrait Sarah Atherton (Wrexham) (Con)
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Wrexham is a town partly founded on brewing. It is home to four breweries and 64 pubs; the figure pre-covid. The industry supports nearly 1,700 jobs and generates £11 million in taxes. While hospitality businesses such as the Magic Dragon Brewery Tap tell me that the UK Government’s furlough scheme and wider support packages have been a lifeline, their future remains bleak as the pandemic rolls into a second year. Will my right hon. Friend the Chancellor in his forthcoming Budget consider deferring business rates and VAT payments even further, so pubs can have a fighting chance of pulling another pint and keeping the ales in Wales?

Kemi Badenoch Portrait Kemi Badenoch
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The Government understand that this is a very challenging time for the UK hospitality sector, and we are constantly reviewing the package of covid-19 support. In order to ensure that decisions are made to meet these challenges, we will outline plans for 2021-22 business rates relief early this year, but my hon. Friend should let her constituents know that for existing tax liabilities the VAT deferral new payments scheme will allow businesses with deferred VAT to spread their payments over up to 11 equal payments to 31 March 2022 interest-free.

Economic Update

Sarah Atherton Excerpts
Tuesday 17th March 2020

(4 years, 9 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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The hon. Lady talks about other countries. If she looks at the overall scale of the fiscal interventions that we have outlined last week and this week, she will see they are more significant than almost every other country.

Sarah Atherton Portrait Sarah Atherton (Wrexham) (Con)
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The Welsh Labour Government stand to gain £1.6 billion as a consequence of coronavirus. Will my right hon. Friend comment on how the UK Government can encourage the Welsh Labour Government to spend that money timely and appropriately, because business and people need help now?

Rishi Sunak Portrait Rishi Sunak
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As I said before, we will get through this as one United Kingdom. We have provided Barnett consequentials early and in advance to devolved authorities, and I very much hope that we can take a joint approach to supporting businesses, public services and individuals through this difficult time.

Beer and Pub Taxation

Sarah Atherton Excerpts
Wednesday 5th February 2020

(4 years, 10 months ago)

Westminster Hall
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Westminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.

Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.

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Simon Clarke Portrait Mr Clarke
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I was genuinely saddened by the expulsion of Bury. I am a football fan myself, and Middlesbrough came very close to expulsion from the Football League in 1986. I know the damage that it does to a community and the fear that it strikes. We will do everything we can to support pubs in Bury and elsewhere in the March Budget.

As hon. Members will know, recent data from the Official for National Statistics are more encouraging, showing that the number of pubs in the country has increased for the first time in a decade. The number of pubs employing fewer than 10 people also grew, showing that the revival extends beyond the big chains. I appreciate that it is early days, and we are certainly not claiming that we have reversed all the challenges facing the pub trade, but it is good to see data showing that the cumulative impact of the changes we are making is positive. In fact, pub revenue is at its highest level since 2010, and employment is at a high not reached since 2001. Those are fantastic results for the sector and show that the pub remains a vital part of modern Britain.

I now turn to future possibilities. The Conservative manifesto committed the Government to review the structures of our alcohol duties now that we are free to determine our own priorities outside the European Union, and the Chancellor will make announcements about this in due course. The hon. Member for Mitcham and Morden (Siobhain McDonagh) referred to our review of small brewers relief, which is obviously really important—indeed, the hangover has persisted for too long.

Sarah Atherton Portrait Sarah Atherton (Wrexham) (Con)
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A few years ago, I owned and ran a microbrewery, so I know some of the difficulties facing breweries, including the fledgling Magic Dragon brewery in Wrexham. I urge the Minister to support the cut in beer duty and increase small brewers relief.

Simon Clarke Portrait Mr Clarke
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We absolutely want the Welsh dragon to be roaring, so I take my hon. Friend’s point. As a serial entrepreneur, she has a lot of experience in this area. We want to ensure that the operation of small brewers relief helps to drive innovation and growth, and we will shortly make further announcements about that through the Budget process. I want to reassure the hon. Member for Pontypridd (Alex Davies-Jones) that the review is not about whether to abolish small brewers relief; it is about its operation and ensuring that it is working effectively.

My hon. Friend the Member for St Austell and Newquay (Steve Double) referred to the 85 pubs in his constituency, which I look forward to going round when I come down to Cornwall in due course. He referred to the burden of taxation. Obviously, when we are doing these things as part of the Budget process, a cut to alcohol duties represents a significant loss in revenue for the Exchequer. The effect of inflation means that, in real terms, beer duty has been cut every time that we have frozen it over the past several years. Even in nominal terms, beer duty is now lower than it was in 2012, but we will continue to review all taxes.