Budget Resolutions

Scott Mann Excerpts

Thursday 23rd November 2017 Commons Chamber

[Sir Michael Fallon]

I certainly recognise that, and it is important for these matters to be approached internationally.

Our constituents do, of course, benefit from the greater convenience and efficiency that digital retailers provide, but it cannot be right for our high streets, small shops and local businesses to bear all the pain of local rates while giants such as Amazon pay rates on a handful of warehouses. Their staff, too—Amazon staff, Google staff and Facebook staff—need well-funded schools, good local services and a proper NHS. It is right that they should pay their proper share of local and national taxes, and I applaud the steps that the Chancellor is taking down that path. One nation should mean one economy, for large and small businesses alike.

Thirdly, if we want to be one economy, more of our people should have a stake in it. In the year when Margaret Thatcher left office, 11 million adults in our country held shares. Today, although the population is significantly larger, only 8 million do so: a quarter fewer. When I privatised Royal Mail, I offered free shares to each of its 150,000 employees. Despite union advice—or possibly because of union advice—99% of the employees took up the offer. We deliberately skewed it towards small investors, and, as a result, 20% of Royal Mail is now owned by its staff and by small investors.

That is what we should be doing with all our remaining shareholdings, including the banks and the new social enterprises, and we should go further. Employee-owned companies are more productive and more profitable. Is not higher productivity the golden fleece for which Ministers keep searching? We need not just one John Lewis Partnership, but 1,000 John Lewis Partnerships across our economy. Existing schemes such as Sharesave and share incentive plans are not increasing the number of share ownership companies.

[Scott Mann (North Cornwall) (Con)]

I speak with a bit of personal experience, having been a Royal Mail employee and having benefited down the line. My right hon. Friend is absolutely right: apart from the trade unionists who drive the Royal Mail train, a huge number of workers have benefited greatly from having that share option. I pay tribute to those workers, who are doing a good job and who will be delivering our post during the Christmas period.

[Hon. Members]

Hear, hear.

--- Later in debate ---

[Scott Mann (North Cornwall) (Con)]

It is a pleasure to be called to speak in this important debate and to follow the hon. Member for Brentford and Isleworth (Ruth Cadbury). I want to focus my remarks on housing and the direct impacts on my constituency, but I will digress slightly on to how some other elements in the Budget will affect my constituency.

The hon. Member for Huddersfield (Mr Sheerman) said that Government Members were nimbys, but I often took the view during my time on Cornwall Council that we needed more houses in Cornwall, so I was pleased to hear the announcement of the target to deliver 300,000 houses for working people across this great country. Several factors have stopped our housing supply chain, and we need to meet those challenges to support the people who need houses. The supply of land and land banking have been particularly big issues not only for us in Cornwall but for people around the country, so I welcome the review that will be carried out in the spring by my right hon. Friend the Member for West Dorset (Sir Oliver Letwin). Whether with the carrot or the stick, or the brick and the bat, I hope that we can find some practical solutions to deliver homes on sites that have been approved in the past. Several developers have been hamstrung by planning conditions, but some are land banking, and it is about time that that issue came to the fore.

With local and neighbourhood plans allocating land for delivery, we have seen many large housing developers making applications in Cornwall. While small builders have been busy picking up conversions, extensions and single dwellings, they have not been able to upscale to deliver multiple-house sites. I therefore welcome the new home building fund and the small sites fund, and I hope that many of our hard-working builders and their subcontractors—plumbers, electricians and roofers—will also benefit. However, will the Government use some of that home building fund to support the community self-build projects referred to by my hon. Friend the Member for South Norfolk (Mr Bacon)? I welcome the measures to charge 100% council tax on empty properties instead of the current 50%, which will be good news for councils such as Cornwall, leading to revenue increases and unused homes being brought back into use.

One of the biggest wins for Cornwall is the roll-over of the second homes stamp duty, which was set at 3% last year. Some £20 million was allocated to the south-west, and Cornwall benefited to the tune of £5.11 million, freeing up 1,000 affordable houses in Cornwall for local people. I look forward to seeing how that money will be spent and to working with the Cornwall Rural Housing Association, registered social landlords and Cornwall Council to see that transformational money delivering for people who are looking to get into the housing market in Cornwall.

I welcome the announcement of the abolition of stamp duty for first-time buyers, which will take thousands of pounds off the cost of purchasing a first home. That might not be such a big measure on its own, but in conjunction with the lifetime ISA and the rise in the personal allowance, the Government are putting together a package of measures to support people who are trying to do the right thing. The welcome increase in the personal allowance will put £850 of extra money into the hands of the people who need it most.

Moving on to the tech sector, as vice-chair of the parliamentary internet communications and technology forum, I welcome the news about the investment in 5G and electric car charging points. We have to be a world leader in getting the right regulatory framework for our start-up and tech companies. Furthermore, I welcome the tripling of computer science courses and the new national centre for computing, which is great news for our young people. Cornwall has become one of the fastest-growing tech sectors outside London over time, which is fantastic news for our industries.

I only have 47 seconds left, but I welcome the increase in duty on cheap, high-alcohol cider. We campaigned for that in the previous Budget and it will discourage consumption. I also welcome the concessions on universal credit. I am pleased that fuel duty has once again been frozen, that T-levels are being introduced and that 26 to 30-year-olds will be able to get a third off rail fares. We have seen changes to income tax and to national insurance exemptions for our armed forces, so that they can rent in the private sector. Importantly for my constituents, we are seeing investment in the fabulous Shared Lives service. All in all, I will be supporting this Budget, and I look forward to voting for it soon.