Oral Answers to Questions Debate

Full Debate: Read Full Debate
Department: HM Treasury

Oral Answers to Questions

Stephen Gethins Excerpts
Tuesday 3rd December 2024

(1 month ago)

Commons Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
James Murray Portrait James Murray
- View Speech - Hansard - - - Excerpts

As my hon. Friend set out, the Government confirmed the introduction of a vaping products duty to ensure that young people and non-smokers do not take up vaping. Registration for the duty will open on the digital platform from 1 April 2026, and the duty will take effect from 1 October that year.

Stephen Gethins Portrait Stephen Gethins (Arbroath and Broughty Ferry) (SNP)
- View Speech - Hansard - -

On economic black holes, the Labour Mayor of London thinks that Brexit punched a £40 billion black hole in the public finances. A very simple question for the Chancellor: has leaving the EU been a net positive or a net negative for the public finances?

Darren Jones Portrait Darren Jones
- View Speech - Hansard - - - Excerpts

The Government have no overall estimate of the impact of the UK’s exit from the EU, but the OBR has projected a 4% drop in productivity in the long term. That is why we are starting negotiations with the EU to improve trade in our mutual interest.