Oral Answers to Questions
Steve Barclay Excerpts(6 days, 18 hours ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Rachel Reeves
I thank my hon. Friend for this question and for all the campaigning work she has done on it. Removing the two-child limit, combined with the changes we are making around free school meals, the warm home discount, capping the cost of school uniform and rolling out more childcare to more families, will lift more families—more children—out of poverty. It is worth noting that around 70% of kids growing up in poverty are in a family where someone works.
Steve Barclay (North East Cambridgeshire) (Con)
The Office for Budget Responsibility shows that welfare spending will be £32 billion a year more at the end of this Parliament, just as a result of decisions in the last Budget. Why was the Chancellor not more honest in the Labour party manifesto about the choices she wanted to make?
Torsten Bell
The welfare state that the Conservative party created is failing, and we are changing it. Welfare spending rose three times as fast under the Conservative Government than it has under this one, because they created a broken welfare system, and I repeat: we will change it.
Office for Budget Responsibility Forecasts
Steve Barclay Excerpts(2 weeks ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
James Murray
I thank my hon. Friend for his intervention. He is right to draw attention to the fact that the Conservatives want to completely distance themselves from their record in government. We have seen their record in government laid bare in the OBR’s productivity downgrade. That investigation by the OBR resulted in a hit to the public finances to the tune of £16 billion. That was a real consequence for our economy, and we had to take real decisions to correct it.
Steve Barclay (North East Cambridgeshire) (Con)
Mr Speaker, you described the chaos and leaks in the run-up to the Budget as a “hokey-cokey”. Just today, the House had to be suspended because the statement arrived so late, on a Budget that was delivered so early that the Chancellor had not actually given it. That was a few hours after the Prime Minister had had to do a second launch to try to explain the Budget, a day after the Chancellor had toured the studios trying to say that she did not mislead people over it. Would it not have been clearer for the Prime Minister just to say that he was hiking tax to put up welfare?
James Murray
What is clear is that we delivered a Budget to cut the cost of living, cut NHS waiting lists and cut Government borrowing.
Budget: Press Briefings
Steve Barclay Excerpts(4 weeks ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Steve Barclay (North East Cambridgeshire) (Con)
As the Minister will know, leaks of market sensitive data obviously carry a much higher premium than other leaks that may occur in Government. Again, could he address the shadow Chancellor’s question as to why the Cabinet Secretary and the permanent secretary have not been asked to launch an inquiry into these leaks?
James Murray
As I said, I am not going to comment on the ongoing Budget process, but what the markets know is that the Chancellor’s commitment to her fiscal rules is iron-clad. They have been met at every fiscal event since this Parliament began, and they will be met next Wednesday.
Defence Sector Financing
Steve Barclay Excerpts(7 months, 1 week ago)
Westminster HallRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Westminster 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.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Mr Charters
Growth in the defence sector, and allied sectors such as space, will deliver prosperity across the UK. If we can get commercial lending working for defence, it will support growth in those allied sectors too.
My hon. Friend the Economic Secretary to the Treasury is one of the most erudite Members, and understands the City of London better than anyone else, so I am sure she agrees with me that there is no better home for the bank than the Square Mile, not least because of our relationships across the Atlantic and our proximity to Europe. My simple ask today is that the Government invite officials from finance Departments around the world to meet in London to discuss and explore the concept of a multilateral defence bank.
Steve Barclay (North East Cambridgeshire) (Con)
I join colleagues in welcoming this debate. The hon. Member is making some constructive suggestions, but a simple thing that the Government could do, because they have sole control of it, is look at the British Business Bank, which is sector-agnostic. That would be persuasive to international partners and would fit with the arguments he makes. Why are Ministers not willing to give a steer to the British Business Bank?
Inheritance Tax Relief: Farms
Steve Barclay Excerpts(10 months ago)
Westminster HallRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Westminster 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.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Ben Goldsborough
I will continue for a little while.
There is a deep uncertainty among farmers about what the changes will mean for them. Uncertainty is bad for business and it is bad for farmers’ mental health, so I encourage the Government to offer as much proactive engagement and clarity to farmers as possible, including in their response to this debate.
Another primary reason why farmers are so concerned is that they already face a challenge in keeping their businesses profitable. The CLA modelled a typical 350-acre arable farm. They told me that even if they spread the cost over 10 years, the farmer would be paying 100% of their annual profits for each of those 10 years to cover the proposed inheritance tax bill. That is a decade without profit. It should be acknowledged that all individuals across the UK are subject to rules that encourage gifting in advance of death. Farmers look likely to enter this world. It is true that farmers have held on to assets for longer than the average person because of APR, and the habit is unlikely to continue.
Ben Goldsborough
I am sorry but I have taken a lot of interventions and want to move on to the next part of my speech.
I will now touch on solutions. The petition is clear that it seeks the scrapping of the policy. I will leave it for the Minister to respond with the official position; suffice it to say that all Members in this debate can agree that land banking for inheritance tax purposes is wrong, and that land values are prohibitively expensive for many farms to be able to expand and, even more so, for new farmers looking to enter the industry. Many farmers would like to see those things change over the coming years.
Farmers have told me that if the policy is not scrapped altogether, alternatives could be considered to give the sector more stability at the same time as helping the Government to achieve their ambition of a thriving rural economy. One such alternative is a shortened taper rate for older farmers. Under that proposal, a farmer aged 70, for example, would be given two to three years to hand over their property with a 33% or 50% taper rate after one year. Farmers in my constituency would welcome the Minister’s thoughts on that proposal, as it was raised with me at a recent meeting I had with the NFU eastern team. There are, of course, various ways of tweaking such approach by age or taper time but, according to farmers, movement on that front would give those who have worked the longest under the existing APR rules the ability to arrange their affairs more quickly.
Steve Barclay
With respect to the hon. Gentleman, I am confused by his argument. He is talking about the crux of the issue: what is the scope of this tax? He voted in favour of it. He was quoted in the Eastern Daily Press as saying that it would not hit “proper farming families”. Is it his position that this tax does not hit proper farming families, or should the scope of the tax be changed? That is the crux of the issue, and with respect to the argument he has set out, I do not know what his position is, other than that he voted not to change the scope.
Farming and Inheritance Tax
Steve Barclay Excerpts(1 year ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Daniel Zeichner
Opposition Members have had a lot of time to make their points. I am going to make mine. Would Conservative Members have been so interested during the last Parliament? I remember sitting on those Opposition Benches hour after hour on the rare occasions when there were rural debates. They had no interest then; suddenly now.
Daniel Zeichner
No. I am afraid that the right hon. Gentleman came in late, and if you turn up late, you do not get to speak. [Interruption.] I recognise the frustration and anxiety being felt by farmers around the country. [Interruption.]