Oral Answers to Questions

Anna Turley Excerpts

Tuesday 21st May 2019 Commons Chamber

[Mr Philip Hammond]

We know that the cumulative burden of the commitments made by the Opposition Front Bench would reach almost £1 trillion over a Parliament, and I have heard—[Interruption.] If the shadow Chancellor has a number, no doubt we will hear about it in a moment; I have heard him say that it does not matter because these companies are profitable, so the profits will pay the additional interest costs. But let me tell my hon. Friend the Member for Sleaford and North Hykeham (Dr Johnson) something: I remember the last time we had widespread nationalisation in this country and—do you know what?—none of the companies the Government owned was profitable. Funny that, isn’t it?

[Anna Turley (Redcar) (Lab/Co-op)]

T7. I have listened in astonishment to the answers from the Financial Secretary and the Chancellor about the loan charges. Given that the Financial Secretary admitted that the Government were pursuing six companies on a legal basis over this—they are admitting they are the companies responsible—why do they pursue constituents like mine, many of whom were obliged to undertake these tax changes in order to get work?

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

We are simply making sure that the tax that was always due is paid, and that is right and proper. As I have set out, we are taking a front-footed approach to clamping down on promoters, and that has included six recent arrests for potential criminal activities.