John Bercow
Main Page: John Bercow (Speaker - Buckingham)Department Debates - View all John Bercow's debates with the HM Treasury
(6 years, 7 months ago)
Commons ChamberMy right hon. Friend the Financial Secretary to the Treasury tells me that he agreed to meet the hon. Gentleman but has not heard from him to arrange a meeting. Let me reiterate on my right hon. Friend’s behalf that he would be happy to meet the hon. Gentleman to discuss this case.
Young Philp was standing a moment ago. The fella has stopped standing. Do you want to get in there, man? Go for it.
Thank you, Mr Speaker; I could hardly resist such encouragement.
I wished only to say how much I welcomed the Government’s recent paper, published by the Financial Secretary—[Interruption.] There is a serious point. The paper on corporate tax and the digital economy demonstrated again that this country is showing leadership. I encourage the Treasury to look into working with the European Union on a sales tax, and even to consider a user tax, if we can do that more quickly.
Thank you for your very carefully tailored piece of demand stimulation, Mr Speaker. It was much appreciated for the economy of the Chamber.
My hon. Friend is right. As I have already said, working with the EU on this interim proposal for a turnover-based tax is, we believe, the right thing to do. We have, of course, also introduced an interim measure of our own, seeking to tax licence fees that are paid to low-tax jurisdictions where we judge that the underlying basis of the licence fee is economic activity taking place in the UK. We have that measure already in place, and we will continue to work with the EU on its proposed measure.
The independent Infrastructure and Projects Authority has said that by the end of this Parliament, central Government funding for infrastructure will be greater in the north than in the south. The hon. Gentleman is speaking to the wrong Minister if he thinks that we do not care about the north. This son of a Liverpudlian and a Mancunian, born in Wolverhampton and representing North Nottinghamshire, needs no lessons from him.
I accept that Huddersfield is a most admirable place. My grandma lived there all her life, as I have told the hon. Member for Huddersfield (Mr Sheerman) before. Splendid place, splendid woman.
Cities are important, but so too are seaside towns such as Weymouth. We desperately need investment in those places, or they will just go to rack and ruin. Having met a Minister from the Ministry of Housing, Communities and Local Government recently, I understand that Government are looking at initiatives for towns and seaside towns. Can the Minister confirm that that is true? If so, what money will be available?
A moment ago the Financial Secretary was banging on about TIMS. I was not informed about this matter, but the Clerk has consulted his scholarly cranium and he tells me that it stands for Treasury information management systems.
Oh, TINs! Well, I am sure everybody attending to our proceedings was perfectly well aware of what the right hon. Gentleman had in mind. I am sure I was in a minority of one in not knowing. And what are those pigs I see flying in front of my very eyes?
Not for the first time, I do not recognise the picture of our economy that is painted by Opposition Front Benchers. Figures today tell us that we have new record high numbers of people in employment, and new record low unemployment figures. That should be something that we are celebrating. Real wages are forecast to turn positive from this quarter and to go on growing thereafter. Employment is expected to grow by another 500,000 by 2022. We are working hard to ensure that productivity performance increases across the economy because that is the only sustainable way to achieve higher wages and higher living standards.
Order. I am afraid that progress has been terribly slow today. I would like to get through some more questions from Back Benchers, but we will need to have single-sentence questions and pithy replies. We do not have time for long pre-prepared speeches.
The hon. Member for Mid Dorset and North Poole (Michael Tomlinson) can very easily shoehorn in his own inquiry on this question. Question 14 is not dissimilar to 13—have a go on 13, man.
There are a number of challenges that need to be overcome for the poorest. We have increased the national living wage by 4.4%—to £7.83 an hour—and also the allowance that applies before people pay tax. We have made other changes, such as freezing fuel duty, to ensure we are doing all that we can for the hardest-working people in our communities.
Order. I exhort the Minister to face the House; I understand the temptation to look backwards, but one should always look at the House.
I have already answered the question on the Swansea Bay lagoon—we are studying the project. All of these projects have to meet value-for-money tests. We already have a fantastic offshore wind sector, with record low costs to the consumer through offshore wind generation. We have to decarbonise our economy in a way that also keeps electricity prices as low as possible for consumers and businesses.
Last night, the pound hit its highest rate against the dollar since the referendum. Will the Chancellor join me in welcoming this sign of international confidence, which is so contrary to the run on the pound predicted by the shadow Chancellor?
You are a patient fellow, Mr Stone, and you have been waiting for a long time. Let’s hear you.
Thank you, Mr Speaker. One way to boost the UK’s productivity is to give disabled people employment opportunities. Can the Chancellor of the Exchequer tell me what discussions he has had with the Department for Work and Pensions and possibly the Scottish Government about maximising the potential of our disabled people?
The important thing about the issues with Carillion was that, first, we made sure that public services operated, and that, secondly, we did not give rewards for failure in a company that went bust. I would be very happy to look at the specific situation that the hon. Gentleman has outlined and to meet him.
How many apprentices in the UK are being paid just £3.70 an hour?
Very well done. Unfortunately, it was so well done that the Chancellor did not hear it. Blurt it out again, man!
Order. One colleague has been standing for a long time and has not asked a question. I call Jim Shannon.
Thank you, Mr Speaker. An elderly couple in my constituency, Mr and Mrs Fitzgerald, are about to lose their home. They have an interest-only mortgage with Santander, which does not allow mortgages for people over 75, although the Nationwide allows them for people up to 85. Will the Minister help me to persuade Santander so that Mr and Mrs Fitzgerald do not lose their home in the coming weeks?