(7 months, 1 week ago)
Commons ChamberMy hon. Friend is quite right. Because of our plan, the economy has, after a tough few years, turned the corner. Inflation has fallen from over 11% to 3.2%, and it is forecast to return back to target in just a few months—a year ahead of expectations. That is why we have been able to cut people’s taxes. As he mentions, the tax cut is worth £900 for an average worker. That is part of our plan to end the long-term unfairness of the double taxation on work.
I am extremely sorry to hear about Juliana’s case, and my sympathy is with her and her family. We are committed to improving victims’ access to court transcripts to help them move on and rebuild their lives. We already offer a free service to families of homicide victims, for example. That is why we have already committed to a one-year pilot to help identify the current demand and to inform our next steps. Alongside this, we are actively looking at other options to immediately reduce the costs.
(8 months, 1 week ago)
Commons ChamberI agree with my right hon. Friend entirely. We know this because not only has the Leader of the Opposition opposed the scheme, but he has been clear that even when the scheme is implemented and working, he would still scrap it. That tells us everything we need to know: on this issue, Labour’s values are simply not those of the British people. There is only one party that is going to stop the boats: the Conservative party.
It would not be right for me to comment on individual companies, but what I can say is that our ambitious storm overflow reduction plan is backed by £60 billion of capital investment. We now monitor every single storm overflow across England, and we have legislated to introduce unlimited penalties on water companies that breach their obligations. The independent regulator and the Environment Agency have the powers they need to hold water companies, wherever they are, to account.
(1 year, 6 months ago)
Commons ChamberI congratulate my hon. Friend on his continued campaign to improve Torbay Hospital. I am delighted to reconfirm the Government’s commitment to major new facilities there as part of our new hospitals programme, and I look forward to further work progressing in the months ahead.
The hon. Lady obviously missed the comments by the International Monetary Fund yesterday upgrading our growth performance, she obviously missed the survey of thousands of global chief executives just recently placing the UK as their No. 1 European investment destination, and it sounds like she also missed my trip to Japan last week, when we announced £18 billion of new investment in the UK economy.
(2 years, 8 months ago)
Commons ChamberHouseholds are facing the biggest hit to living standards on record, and they were looking to the Chancellor today to offer them some hope. We know from the OBR forecast that the Treasury will take an additional £13 billion in VAT thanks to inflation. Will the Chancellor tell us why he has not announced the emergency cut that the Liberal Democrats have called for, which would put £600 back into the pockets of the average family? VAT is an unfair tax that puts up prices for every single family in the UK, and makes up half of all the taxes paid by the poorest households compared with less than a fifth of those paid by the richest.
I think it wrong to suggest that there has been a VAT windfall. If the hon. Lady looks at the numbers in the OBR forecast, she will see that its projection for VAT receipts in the forthcoming year is lower than its previous projection in October. We are helping working families, with a £6 billion tax cut which will put £330 into the pockets of 30 million workers across the United Kingdom.
(4 years, 8 months ago)
Commons ChamberOf course, we take the advice of the chief medical officer in this regard and we will continue to do so. We have been absolutely clear that the NHS will get whatever support financially it needs from the Government to help get us through what will be a very challenging time. We are considering all measures to increase the capacity of the NHS to respond to this, and indeed provide the support to those on the frontline who are going to deal with a very difficult few months.
I obviously welcome the Chancellor’s commitment to making sure that jobs are saved and that people can stay in work, but I wonder whether he agrees that by structuring his package around loans rather than grants, he actually loses some control over what the money is spent on. Therefore, he cannot be certain that the money is going to be spent most effectively in pursuit of this objective.
It is not just loans; it is loans and grants and tax relief on business rates, as well as deferral of tax payments through time to pay and reimbursement for statutory sick pay. Across the piece, it is a series of different interventions, all of which will be effective at doing one fundamental thing: improving the cash flow in the short term of businesses to help them bridge through what will be a temporary dislocation, so that they can emerge on the other side and we do not lose for the long term that productive capacity and lose those jobs.