Inheritance Tax
Debate between Victoria Atkins and Scott Arthur(1 week, 3 days ago)
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Victoria Atkins
That will not plough any furrows with the farmers in the hon. Gentleman’s constituency whom he has just described as the “idle rich”. What is more, he has got his figures wrong. He keeps throwing these figures around, but in fact that Tax Policy Associates think-tank that so many Labour colleagues seem to rely on has said that by the end of this decade one in six families will pay inheritance tax—many of them in his constituency, which I know well.
The hon. Member for St Austell and Newquay (Noah Law) voted for the family farm and family business tax only a mere six times—he missed one of them—but he had the bright idea that farmers should get life insurance and planning advice. How on earth are farmers in his constituency on an income of around £20,000 a year going to afford that? It is yet more business taxes.
We also heard a reliance on Dan Neidle and his organisation Tax Policy Associates. I merely make the point, so that it is open and transparent, that Dan Neidle is a senior member of the Labour party and served for three years on its disciplinary committee.
The Conservatives are setting out the tough decisions to cut spending and help hard-working families up and down the country invest in their businesses and homes, ready to hand over to their families. People who have worked hard, paid their income tax, lived within their means and saved have not done so in order for the current Labour Chancellor to tax that all over again. They have done so because they have a deep desire to leave something to help the next generation prosper when they are no longer here.
Dr Arthur
Where domestic properties are concerned, of course more people are getting drawn into paying the tax because the thresholds have been frozen. I am sure that the Minister who came to the House in 2022 to say that the rates at that time were to be frozen until 2028 is currently at the Opposition’s Dispatch Box.
Victoria Atkins
I am so glad that the hon. Gentleman has brought that up, because not only did his first Chancellor extend the freeze, but she dragged pensioners into it. It is literally the worst of all words.
Let me reiterate the point I just made, because it is an important one. Under this Government, one in six families will be liable to pay inheritance tax by 2030. That means many more constituents being liable to pay the tax. The hon. Member for St Austell and Newquay said that our idea to axe inheritance tax on the family home was bonkers. I hate to break it to him, but Austria, Portugal, Sweden, Norway, Australia, Canada and New Zealand have all done the same.
The reason why we are doing it, and why this is so important, is that we know it is families who build this country; it is families who put down roots. They build a home, they run a farm or they start a business, and they bring prosperity and vibrancy to our villages and our towns. So I make the promise that the Conservatives will axe these taxes if Labour does not does so at the Budget, because only the Conservatives are the party of the family home, the family business and the family farm, and only the Conservatives will get Britain working again.
Sewage
Debate between Victoria Atkins and Scott Arthur(1 year, 6 months ago)
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Victoria Atkins
I thank the hon. Gentleman, who has in fact lined up the next paragraph my speech—it is extraordinary—because this improved knowledge must lead to action.
Dr Scott Arthur (Edinburgh South West) (Lab)
Will the right hon. Lady give way?
Victoria Atkins
No. I will come to the hon. Gentleman in due course. I have said that this is the Liberal Democrats’ Opposition day debate, and I will give them the respect that they deserve.
The improved knowledge must lead to action. As I am delighted the Secretary of State acknowledged, one of the most tangible improvements in the past decade is just a few metres away under our feet—the Thames tideway tunnel. Sadly, he did not have the generosity of spirit to acknowledge the role that the Conservative Government played in that. This multibillion-pound infrastructure project, announced and delivered by the Conservative Government, has already stopped 500,000 tonnes of sewage flowing into the River Thames since it started operating in February. Over time, the 16 mile pipe is expected to stop 95% of sewage spills that would previously have polluted the River Thames. That meaningful action is already making a real difference to our nation’s capital—built on the data that some laugh at—and I ask genuinely: where is Labour’s plan for more?
In government, we also wanted to clear up the water industry and our environment. It was the Environment Act 2021, passed by the last Government, that gave stronger powers to regulators and imposed strict demands for tackling pollution. We set legally binding targets to improve water quality and availability, and to reduce nutrient pollution. We rolled out catchment-sensitive farming to all farms in England. We stepped up the requirements for investment, including investment from water companies, and storm overflow improvements.
After 14 years in opposition, the Labour party should have come into office with a plan of what more needs to be done to fix this century-old problem and, what is more, have set that plan in action last summer with energy and gusto. [Interruption.] The Secretary of State is chuntering from a sedentary position, but may I say what a delight it is to see him in the Chamber? Normally, he is running frit from farmers. Instead of a plan, we have had an underwhelming trickle—a review, yet another talking shop forum that has done nothing other than have a meeting, and a Bill which, as we said during its passage, sets out much of what was already happening. As with every other part of this Government, Ministers had no plan, and they are now trying to come up with one.
Victoria Atkins
I will give way in a moment.
For example, the Secretary of State recently pledged to clean up Lake Windermere so that only rainwater flows into it. It was a laudable ambition. Who can disagree with that ambition? However, he gave no timeframe and no plan for delivering this vision. I have also visited the constituency of the hon. Member for Westmorland and Lonsdale (Tim Farron). I met local residents and farmers—something I do not think the Secretary of State managed to do—and business owners recently. [Interruption.] Well, they do notice. They are not holding their breath for action because, rather like his no farming policy, it is all talk and no action.
A significant amount of the Government’s supposedly groundbreaking water legislation, including the measures on monitoring, blocking bonuses, and fines, was already brought in by the previous Government. Sadly, they rejected our amendment to maintain the important water restoration fund to protect waterways, including chalk streams, many of which are in my constituency. I genuinely hope that they will reconsider that.