Oral Answers to Questions

Stephen Metcalfe Excerpts

Tuesday 22nd May 2018 Commons Chamber

[Mr Hammond]

Once we have left the European Union the money that was reaching the UK from EU sources will be allocated to the UK shared prosperity fund, and over the course of this year we will consult on both the distribution and the application of those funds and the size that that fund should be.

[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

9. What steps he is taking to support first-time home-buyers throughout the UK.

[The Financial Secretary to the Treasury (Mel Stride)]

In the last Budget we abolished stamp duty for first-time buyers for the first £300,000 of a property’s value up to £500,000 in total. That has meant that 95% of first-time buyers have paid less stamp duty and a full 80% of first-time buyers have paid no stamp duty at all.

[Stephen Metcalfe]

Last November the Chancellor announced an ambitious package to tackle the broken housing market. How many first-time buyers have benefited from that package, particularly in Essex, and where can people find further information about this so we can make hopefully impressive numbers even greater?

[Mel Stride]

Some 69,000 individuals have already benefited from this vital tax relief and over 1 million will do so over the coming five years. We do not have disaggregated data specifically for Essex, but I can tell my hon. Friend that within the south-east 12,900 individuals have benefited from first-time buyer tax relief.

Oral Answers to Questions

Stephen Metcalfe Excerpts

Tuesday 17th April 2018 Commons Chamber

[The Economic Secretary to the Treasury (John Glen)]

The hon. Gentleman has made a very sensible point. The FCA is looking into that proposal and will publish another report in May. I met Andrew Bailey just a few weeks ago to underscore the importance of the issue, and as we proceed with the construction of the single financial guidance body that will deal with some of the challenges of problem debt, I know that this will be another focus of its work.

[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

Automation, machine learning and artificial intelligence have the potential to offer huge productivity gains. What discussions has my right hon. Friend had with colleagues across Government about providing leadership in this important field so that we can reap the maximum productivity boost and be at the forefront of this exciting technology?

[Mr Philip Hammond]

As I have said many times in this House, we have two choices: we can either run away from this challenge; or we can run towards it and embrace it. In fact, if we want to maintain the living standards of our people and the status of our economy in the future, we have no choice but to embrace it—and we are doing so. I announced at the autumn Budget funding to support the uptake of digital technologies across Government, allowing the Government to be an exemplar, but we are also promoting these technologies to private business. The UK is at the forefront of many of these cutting-edge technologies.

Oral Answers to Questions

Stephen Metcalfe Excerpts

Tuesday 16th January 2018 Commons Chamber

[John Glen]

The negotiations that this country faces are complex, but I will take an optimistic approach to all the discussions that I undertake at the Treasury and elsewhere going forward.

[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

T1. If he will make a statement on his departmental responsibilities.

[The Chancellor of the Exchequer (Mr Philip Hammond)]

My principal responsibility is to ensure the stability and prosperity of the economy, which means building on the ambitious steps laid out in the autumn Budget to tackle the key challenges we face so that we can create an economy fit for the future. I look forward to doing so, ably supported by my excellent ministerial team. Our balanced approach to the public finances enables us to give households and businesses support in the near term, and to invest in the future of this country, while also being fair to the next generation by reducing a national debt that remains too large.

[Stephen Metcalfe]

Does my right hon. Friend agree that lowering business taxes, as this Government have done, is not a race to the bottom but is vital in building and maintaining the strong economy on which we all depend?

[Mr Hammond]

Yes, I agree with my hon. Friend. Keeping business taxes competitive so that we can attract international investment to this country is essential, but there is a quid pro quo: if taxes are low, they must be paid. We are determined to ensure full compliance and to lead in international forums in looking at ways of improving corporate tax compliance.

Oral Answers to Questions

Stephen Metcalfe Excerpts

Tuesday 18th July 2017 Commons Chamber

[Mr Philip Hammond]

The hon. Lady is now asking a different question. The Prime Minister has been very clear that Britain is a very large economy in relation to our European neighbours and we would expect to have a bespoke arrangement with the European Union as our long-term future status quo, and indeed a bespoke arrangement for any interim period that is agreed. The hon. Lady is quite right that as we go forward with this process, we need to deliver on our commitment to leave the European, but to do so in a way that protects the British economy, protects British jobs and protects Britain’s prosperity, and that is what we will do.

[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

T5. Will my right hon. Friend, for the benefit of the House, confirm the cost to the economy of cancelling student debt, say whether that is affordable and explain what effect it would have on the work we have done to reduce the deficit?

[The Chief Secretary to the Treasury (Elizabeth Truss)]

As the Labour party admits, cancelling student debt would cost £100 billion. The Opposition made that reckless promise, which would see the debt soar, during the election campaign, but now they say it is just an “ambition”. Are they going to say sorry to the people they made their promise to, and are they going to say sorry to the British public for threatening to bankrupt the economy?

Autumn Statement

Stephen Metcalfe Excerpts

Wednesday 23rd November 2016 Commons Chamber

[Mr Hammond]

There are two points here. We have, of course, a definition of affordable housing, which we use in statutory terms, but there is a much broader consensus in the House that we need to make all housing across the UK more affordable, including housing that people buy in the marketplace. To do that, we have to address fundamentally some of the challenges with land supply, particularly in London and other high-demand areas. As I said earlier, my right hon. Friend the Communities and Local Government Secretary will introduce a housing White Paper, which will address these more strategic issues.

[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

There is much to be welcomed in the Chancellor’s statement, particularly the warm words about the strength of our science and technology endeavours, especially in the light of the recent Science and Technology Committee report that called for a rise in spending on R and D to 3% of GDP. Obviously, the extra £2 billion is a helpful step in that direction, but to realise the potential and deliver on those ambitions, we need to attract the best talents here to the UK. Will my right hon. Friend work with colleagues across the Government not only to reassure scientists and researchers who are already here, but to come up with a system as soon as possible to attract the best people into the UK?

[Mr Hammond]

I welcome my hon. Friend’s comments as Chairman of the Science and Technology Committee. Of course, the £2 billion a year referred to is just public investment in R and D. Most investment in R and D in this country is done by the private sector. As the Prime Minister said in her speech to the CBI on Monday, we are committed to looking at the R and D tax credit system to make sure that the UK is the most attractive place for an innovative company to do its research, development and innovation.

On immigration, I absolutely recognise the points that my hon. Friend makes. Many companies that choose to locate in the UK depend on being able to bring people with high skills into the UK to work in their businesses. I have said before and I am happy to say again today that, although it is our clear intention to introduce controls on migration into the UK from the European Union, I cannot conceive of any circumstances where we would use those controls to strangle investment in our businesses by not allowing high-skilled, high-paid individuals to be transferred here to work in them.

Oral Answers to Questions

Stephen Metcalfe Excerpts

Thursday 9th June 2016 Commons Chamber

The Secretary of State for Culture, Media and Sport was asked—

[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

1. What steps his Department is taking to ensure the greatest possible engagement by children and young people in the commemoration of the first world war.

[The Parliamentary Under-Secretary of State for Culture, Media and Sport (Mr David Evennett)]

All our first world war programmes, including the school battlefield tours, the great war debate series and the 14-18 NOW culture programme, are designed to engage children and young people. Only last week, young people played a prominent role in our commemorations to mark the Battle of Jutland. I was delighted to be in Orkney and I commend the young people who participated. On 30 June and 1 July, we will commemorate the centenary of the Battle of the Somme, when young people will again play a key role at national events taking place at Westminster Abbey, in Manchester and at the Thiepval memorial in France.

[Stephen Metcalfe]

My “Forget Never” project, commemorating the 100th anniversary of the Battle of the Somme and supported by the Heritage Lottery Fund, is already getting young people from across Basildon thinking about the important events of 100 years ago. Will my right hon. Friend therefore join me in encouraging more young people to get involved in commemorating the Somme by calling on all remaining schools in Basildon to sign up to this project so that their students might also benefit from its opportunities?

[Mr Evennett]

I endorse my hon. Friend’s comments and am delighted to hear of the fantastic work being done in his constituency. I endorse all efforts to encourage young people to engage with the programme and to discover history. Young people can also get involved in the Commonwealth War Graves Commission’s “Living Memory” project in their local area and find out about events near them run by schools and not-for-profit organisations that are part of the Imperial War Museum’s centenary partnership.

Oral Answers to Questions

Stephen Metcalfe Excerpts

Tuesday 16th June 2015 Commons Chamber

[Damian Hinds]

The coalition Government had a very strong record on extending childcare, and we are going to go much further in this Parliament with the extension from 15 to 30 hours of childcare for the three and four-year-old children of working parents, the introduction of tax-free credits and the further extension of childcare provision under universal credit when that migration happens.

[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

14. What his policy is on the future ring-fencing of the science budget.

[The Chief Secretary to the Treasury (Greg Hands)]

We committed in our manifesto to protect the science capital budget of £6.9 billion up to 2021. Decisions on the wider science budget will take place in the spending review.

[Stephen Metcalfe]

I was grateful to my right hon. Friend the Chancellor of the Exchequer for protecting the science budget during the last Parliament, but the flat cash settlement agreed in 2010 is now worth 15% less than it was then. Will the Minister agree to look at that and at least make good that loss when preparing the Budget and going into the spending review, so that our excellent science base can play its full part in delivering our long-term economic plan?

[Greg Hands]

I once again congratulate my hon. Friend on his excellent election result in Basildon. I note that, to date, he has served five years on the Science and Technology Committee, so there cannot be many in the House who take a stronger interest in the matter. He will know that our capital funding for science almost doubled in the last Parliament, and that we take science very seriously. Wider decisions on science funding will be dealt with in the spending review.

Oral Answers to Questions

Stephen Metcalfe Excerpts

Tuesday 4th November 2014 Commons Chamber

[Andrea Leadsom]

I completely refute what the hon. Lady says. A lot of the particularly big increases in employment have been among very young and older workers, who tend to earn less, but is not that great news for the longer-term prospects of those young people, who are off the unemployment register and developing skills for the future?

[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

17. What progress he has made on measures to reduce taxes on pensions.

[The Financial Secretary to the Treasury (Mr David Gauke)]

The Taxation of Pensions Bill that is currently before the House will reduce tax rates that previously applied if people wanted to withdraw money from their pension flexibly. It will also reduce the 55% tax rate on pension assets when someone dies. These tax cuts will leave people with more of their own money and more choice about how to spend it.

[Stephen Metcalfe]

These measures clearly show that we are the party on the side of those who do the right thing, work hard, and save. Does my hon. Friend agree that Labour would adversely affect those people through its new pensions tax plan?

[Mr Gauke]

My hon. Friend raises an important point. We often heard Labour Members say that they were going to oppose a tax cut for hedge funds. It turned out that it was not a tax cut for hedge funds but a tax cut that benefits pension funds, yet they want to reverse it.

Oral Answers to Questions

Stephen Metcalfe Excerpts

Thursday 3rd July 2014 Commons Chamber

[Mr Speaker]

Order. I do not know why this question was not grouped, but I will treat it as though it had been. Mr Stephen Metcalfe.

[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

7. Linford and parts of East Tilbury and West Tilbury in my constituency fall between the Tilbury and Stanford-le-Hope exchanges, which means that a small but significant community will not benefit from either the commercial roll-out of superfast broadband or the Government-funded programme. What options do I have to ensure that those residents are not disadvantaged by a geographic anomaly?

[Sajid Javid]

My hon. Friend will be pleased to know that the Government have announced additional funding of £10.72 million for Essex under phase 2 of our superfast broadband programme. The local project team for Essex should be able to advise him on the revised coverage targets. The Government have also announced eight market testing pilots to explore supply solutions for improving broadband coverage beyond 95%.

Oral Answers to Questions

Stephen Metcalfe Excerpts

Tuesday 11th March 2014 Commons Chamber

[Sajid Javid]

Because of this Government’s economic plan to deal with the record budget deficit that the previous Government left behind, more women are employed in our economy than at any other time in history, and 1.4 million women have been taken out of income tax altogether because of our personal income tax allowance increases.

[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

9. What assessment he has made of the effect of freezing fuel duty on the price of petrol.

[The Economic Secretary to the Treasury (Nicky Morgan)]

The autumn statement confirmed that fuel duty would be frozen for the remainder of this Parliament. As a result of this Government’s actions, average pump prices are now 13p a litre lower than they would have been if we had implemented the previous Government’s fuel duty escalator, and they will be 20p a litre lower by the end of this Parliament.

[Stephen Metcalfe]

Does my hon. Friend agree that this Government’s changes to fuel duty and the scrapping of next months’ increase proposed by the previous Government provide more proof that it is this Government who are helping hard-working families to tackle the cost of living and supporting our long-term economic plan?

[Nicky Morgan]

I thank my hon. Friend for that question. He is entirely right. In total, the Government will have eased the burden on motorists by £22.5 billion over this Parliament, to 2015-16. By the end of this Parliament, it will cost the typical motorist £11 less to fill their car.