Contributions
1,299 recent contributions in Hansard
HANSARDThe Growth PlanI do not admit that at all. In fact, the gamble was to do nothing. The gamble was to stick on the path that we were on and simply raise spending and taxes and think that,…23 Sept 2022HANSARDThe Growth PlanMy hon. Friend is absolutely right. We will link the investment zones to infrastructure projects, because one without the other does not make sense. I would be very interested to…23 Sept 2022HANSARDThe Growth PlanI am not sure there was a question. We have to focus on growth. Through growth we get more tax revenue to pay for public services. That is a fundamental notion and that is what we…23 Sept 2022HANSARDThe Growth PlanWe openly repudiate a socialist vision of society. We do not believe that the state should take more and more of people’s income. We think that people should keep more and more of…23 Sept 2022HANSARDThe Growth PlanWe are having a tax review to fit our tax system to the 21st century. I pay tribute to my hon. Friend and her campaign on VAT and duty-free shopping. We engaged on that when I was…23 Sept 2022HANSARDThe Growth PlanIf bankers are working in London, they are taxed in London; if they move out of the UK, they are taxed elsewhere, and we do not see a penny of tax revenue. Financial services are…23 Sept 2022HANSARDThe Growth PlanThat is absolutely right. The whole premise and basis of the investment zone conversation is mutual consent. There has to be mutual consent—they will not be imposed in any area.…23 Sept 2022HANSARDThe Growth PlanLet me start directly with the issue most worrying the British people today: the cost of energy. People will have seen the horrors of Putin’s illegal invasion of Ukraine. They…23 Sept 2022HANSARDThe Growth PlanIt is always our duty to help the most vulnerable in society. That is why we have had the energy intervention and the covid-19 pandemic intervention. It is also incumbent on the…23 Sept 2022HANSARDThe Growth PlanMy hon. Friend will appreciate that as the Secretary of State at BEIS, I was very focused on energy intensive industries. I did engage Treasury colleagues then, and now that I am…23 Sept 2022HANSARDThe Growth PlanThe focus is on growth. As my hon. Friend the Member for North Norfolk (Duncan Baker) said, our net debt to GDP ratio is low compared with other countries in the G7. We are 100%…23 Sept 2022HANSARDThe Growth PlanI did not mention anything on workers’ rights in my statement and I have always been very focused on broader workers’ rights— [ Interruption. ] On the right to strike, the minimum…23 Sept 2022HANSARDThe Growth PlanWe are absolutely looking at the childcare issue, and I am sure one of my Cabinet colleagues will update the House on that; we are talking about the heating oil intervention; and…23 Sept 2022HANSARDThe Growth PlanThe markets will react as they will, but the growth plan will soon show that we are on the right course and that we are steering us to a more prosperous future.23 Sept 2022HANSARDThe Growth PlanMy hon. Friend will know that, through growth, we will get more tax receipts, which will actually reduce the net debt to GDP ratio over the medium term. That is 100% what we are…23 Sept 2022HANSARDThe Growth PlanAbsolutely. There is no reason why we cannot have lots of different investment zones dotted around in lots of areas of the country. The Secretary of State for Levelling Up,…23 Sept 2022HANSARDThe Growth PlanWe are always looking at our manifesto commitments, and given our leadership in this regard, I hope that we can come to the 0.7% as soon as is practicable and as soon as the…23 Sept 2022HANSARDThe Growth PlanWhat the hon. Lady did not mention in her question was the fact that a growing economy creates growing tax revenues, which pay for public services. Her high-tax, high-spend…23 Sept 2022HANSARDThe Growth PlanYnys Môn has a fantastic Member of Parliament in my hon. Friend, and we are focused not only on freeports, but on the future of nuclear. Ynys Môn represents a hugely exciting…23 Sept 2022HANSARDThe Growth PlanI made an announcement on IR35 this morning. I would be very interested to hear my hon. Friend’s ideas on business rates, because that is an ongoing conversation. I used to hear…23 Sept 2022