(10 years, 9 months ago)
Commons ChamberThe hon. Gentleman will know that SME lending was hit from 2010 to 2011 because of Labour’s banking crisis. We had the deepest banking crisis and the largest bank bail-out the world has ever seen. What did he think the impact was going to be? He should welcome the Government’s action to help SME lending, including the funding for lending scheme, which has helped thousands of companies.
The Opposition claim that economic growth is not felt by people across the UK and that living standards are falling. The truth is that the previous Labour Government left the country a lot poorer and, as a result, many hard-working families are finding it difficult. Our long-term plan for the economy, the plan that has put our country on a path to prosperity, will help those families. What better way to increase standards of living than by making sure that as many Britons as possible can take home a steady wage at the end of each month? With more than 1.4 million private sector jobs created in the past three years—more private sector jobs created in three years of this Government than in 13 years of the previous Labour Government—we now have more people employed than at any time in our history.
We are also taking measures that help to keep more cash in the pockets of hard-working people up and down the country, while economic confidence has helped to keep mortgage bills low. If mortgage rates rose by just 1%, the average mortgage bill would increase by about £1,000 a year. We are also letting people keep more of their hard-earned income. Our increases in the personal allowance are worth £700 each year to every average taxpayer—a tax cut for more than 25 million people—while 2.7 million people on low incomes have been taken out of income tax altogether.
Does the Minister realise that from next April 36,000 people in my constituency will be better off because of this policy?
My hon. Friend is right to make that point. I think every MP in this illustrious House could share similar numbers. Indeed, in the shadow Chief Secretary to the Treasury’s constituency, 4,000 people have been taken out of income tax altogether and more than 38,000 have had an income tax cut.
Our changes to the personal allowance mean that someone working full time on the minimum wage has seen their income tax bill more than halved under this Government. It also means that for any income on which people would pay Labour’s 10p tax rate, which it previously abolished, they pay a 0% tax rate under this Government.
(13 years, 2 months ago)
Westminster HallWestminster 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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My hon. Friend makes a valid point and I agree with him. Only recently we saw similar antisocial activity in the Happy Valley area of Woodingdean in my constituency. Allegations of damage, fouling and abusive behaviour were made to the police and council.
I congratulate my hon. Friend on securing this important debate. As he may remember, a few months ago I raised this issue during Prime Minister’s questions and asked what could be done. I asked whether intentional trespass could be made a criminal offence, so that if people move on to other people’s land without permission they can be removed without the need for a court order. The Prime Minister said that he was encouraged by the proposal and that he will look at the issue. Does my hon. Friend agree with such a measure, and will the Minister tell us what point the Government have reached in looking at that proposal?
I agree with my hon. Friend. Many people in my constituency find it difficult to understand why people can take the law into their own hands and do what they like, disregarding the feelings and needs of others.