Economic Update

Chris Bryant Excerpts

Monday 17th October 2022 Commons Chamber

[Jeremy Hunt]

I absolutely do, and I think that there are many economists, such as Paul Johnson, who would say that if we really want the productivity, levels of wealth and prosperity of places such as Germany and Singapore, the skills gap is the biggest gap that we have. It is scandalous that for decades Governments from all parts of the House have not been able to deal with the fact that about 100,000 people leave school every year unable to read. These are important issues, but I want to be honest: this is not something that the Government or I can address in the next two weeks, but it is absolutely something that we will have to come back to.

[Chris Bryant (Rhondda) (Lab)]

For all the hand-wringing and soft soap, I am afraid that I do not think that this Chancellor is any better than the last one. [Interruption.] Well, he has been present at all the failures over the past 12 years: the failure to invest in the NHS; the failure to make sure that we had personal protective equipment in time for a pandemic; the failure to deal properly with the invasion of Ukraine and the annexation of Crimea. In all those things, he has been at the scene of the crime. The biggest problem is that, as a result of 12 years of Tory economics, we will have the highest tax take in our history and still the highest borrowing in our history and probably the largest tax cuts in our history. Why is this the only major economy in the world that has not yet grown to the level that it occupied before the pandemic?

[Jeremy Hunt]

I have a lot of respect for the hon. Gentleman as a great parliamentarian, but will he allow me to say that there is not really a polite word to describe the nonsense that he has just uttered? We inherited the worst financial crisis since the second world war from his party, and since then, we have become the third-fastest growing country in the G7. He talked about the NHS, which had a £20 billion increase in funding on my watch—40,000 more doctors, nurses and other clinicians—and there is more to come if we take the difficult decisions to grow our economy that his party always opposes.

Oral Answers to Questions

Chris Bryant Excerpts

Tuesday 11th October 2022 Commons Chamber

[Kwasi Kwarteng]

As I have stated a number of times already, the energy support package will help every single one of the businesses in the hon. Member’s constituency. I would be very pleased to see the Lib Dem growth plan. The anti-growth coalition carps from the side lines but it has nothing to say about growth.

[Chris Bryant (Rhondda) (Lab)]

The one thing businesses always want is security, and an understanding of what is going to happen for them next year. They are worrying about their borrowing costs for next year, and the Chancellor has already made that more difficult for them. He says he has a package for energy costs, but that lasts for only six months. Yesterday I spoke to a man who owns a leisure company. He said that his bill next year will go from £100,000 to £475,000, and that he will be closing. Why does the Chancellor not bring in a proper measure that will last more than six months?

[Kwasi Kwarteng]

The hon. Gentleman makes a fair point in respect of energy costs, and that is precisely why we intervened in the way that my right hon. Friend the Prime Minister announced only a couple of weeks ago. The package is £60 billion for households and businesses across the next six months. That is a generous package, and we are listening.

The Growth Plan

Chris Bryant Excerpts

Friday 23rd September 2022 Commons Chamber

[Kwasi Kwarteng]

My 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 in the Treasury, I will be very happy to engage with BEIS colleagues on this pressing issue.

[Chris Bryant (Rhondda) (Lab)]

It must, surely, be the definition of chutzpah to come to the House of Commons and complain about high taxation and low growth, when the right hon. Gentleman voted for 15 increases in taxation and was the Business Secretary who took the UK into recession. It must, surely, be the definition of chutzpah to come to the House of Commons and say that he believes in sound money when he has just put £72.4 billion on the never-never credit card for the country.

Let me explain to the right hon. Gentleman why people in the Rhondda might think that he has got this wrong. We do not have any bankers begging for additional bonuses in the Rhondda. We do not have anybody, I would guess, earning more than £150,000 in the Rhondda, but we do have a lot of families whose energy bills have doubled this year, even after what he has done, and who will be going into energy poverty. They are seeing food prices go up by 15% and petrol prices locally go up even more. That is why we think he is a disgrace.

[Madam Deputy Speaker (Dame Eleanor Laing)]

Order. We need a question. If there is no question, the Chancellor of the Exchequer cannot answer.

UK Gross Domestic Product

Chris Bryant Excerpts

Monday 13th June 2022 Commons Chamber

[John Glen]

Clearly in different markets there will be different challenges. We must make sure that we have a deep dialogue and look to find consensus. Where we cannot, we must take action.

[Chris Bryant (Rhondda) (Lab)]

Does the Minister accept that one of the problems in lots of sectors is that they simply have not got enough staff to employ, let alone staff with the right skills? For instance, in the construction industry, there are projects on hold because they cannot get enough construction workers. We have farmers ploughing onions back into the fields, because they do not have enough people to harvest them. Last year, 25% of British strawberries did not get picked. We have bars, hotels and restaurants failing to open full-time because they do not have enough staff. How do we make sure that we have the staff—the workers—to be able to grow the economy?

[John Glen]

The hon. Gentleman will also know that the Government invested in a seasonal workers scheme for 30,000 across agriculture, which has made a significant impact. We will continue to work with industry to see what further interventions can be made and need to be made.

Financial Statement

Chris Bryant Excerpts

Wednesday 23rd March 2022 Commons Chamber

[Rishi Sunak]

All official development assistance announcements are handled by the Foreign Secretary. Within the overall budget, there is always contingency, and space annually for responses to humanitarian disasters that cannot be foreseen. It is not a question of squeezing other things out at all; this is part of planned spend.

[Chris Bryant (Rhondda) (Lab)]

I commend the Government’s action on Russian sanctions, but we cannot possibly think that this is “job done.” Mariupol still burns; children are fleeing the bombing of their home. We still have not even introduced a sanction regime that is as tough as the sanction regime on Iran. Can I urge the Chancellor to go a bit further? We need to sanction all the Russian banks, not just 60% of them. We need to tackle the trust funds, such as that recently set up by Alisher Usmanov to protect his assets in the UK. We need to tackle the families and the hangers-on, such as Lavrov’s family, who are in the UK, and we need to tackle shipping. We must do all these things for the people of Ukraine as fast as possible.

[Rishi Sunak]

I have been working very closely with my counterparts in G7 economies and beyond to co-ordinate our financial and economic sanctions, which I am more responsible for. I am highly confident that what we have done is world-leading, particularly with regards to acts on bank freezes. We are constantly in dialogue with our partners to make sure the action we take is effective when it is co-ordinated.

[Chris Bryant]

Why do you do that? It is shameful when you do that.

Oral Answers to Questions

Chris Bryant Excerpts

Tuesday 15th March 2022 Commons Chamber

[Chris Bryant (Rhondda) (Lab)]

We really must start seizing assets and not just freezing them. That is the only way in which we can make sure that the money goes towards the reconstruction of Ukraine. Would it not also be a good idea for us not just to look at the really famous people like Abramovich, but to look at the people who own £750,000 properties in the UK and who may be the cousins, brothers, sisters, parents or some other proxy of Russian oligarchs in the UK? Must we not also do far more to tackle the personal finance of President Putin, much of which, I am told, is in the UK?

[John Glen]

As ever, the hon. Gentleman has made a powerful point about a very important matter. Work with our allies is ongoing to establish how we can deepen our response in a co-ordinated way in order to make a real impact on illicit finance.

Prime Minister’s Chief of Staff Appointment

Chris Bryant Excerpts

Monday 7th February 2022 Commons Chamber

[Chris Bryant (Rhondda) (Lab)]

It is a bit difficult, is it not, to argue that there will be greater accountability when at the first hurdle the man is not even here to be accountable? It is a preposterous appointment—a sow’s ear of an appointment—which confuses the various different aspects of Government and makes it far more difficult for us to hold the right hon. Member for North East Cambridgeshire (Steve Barclay) to account. Does anyone in Downing Street yet realise that the problem is the lack of control; it is the lack of accountability; and it’s the fibs, isn’t it?

[Michael Ellis]

I do not know what the hon. Member means. What I do know is that the Government are delivering on our manifesto promises, as I said. He must recognise that there will be increased transparency and accountability because an elected Member of Parliament answerable to this House will be chief of staff at No. 10.

Economic Update

Chris Bryant Excerpts

Thursday 3rd February 2022 Commons Chamber

[Rishi Sunak]

As ever, my right hon. and learned Friend makes an excellent point; he is absolutely right and I agree wholeheartedly with him. He will know that my right hon. Friend the Secretary of State for Business, Energy and Industrial Strategy is working very hard to undo some of the mistakes that the Labour party made in the past.

[Chris Bryant (Rhondda) (Lab)]

I know that the Chancellor is all pumped up, but this is pretty puny stuff, to be honest; £350 is not going to touch the sides of the problem for my constituents. Gas and electricity are up for the average family in my constituency by £686; fuel is up by £314; the average weekly shop is up by £385; universal credit has been cut by £1,040; national insurance is up by £150; and frozen tax allowances—frozen by him—will cost another £300. That makes £2,875, in a constituency where the average wage is £27,000. That is really going to cause hardship and £350 does not even touch it.

[Rishi Sunak]

The Labour party has proposals that would give considerably less to many people, so it is a bit rich to hear that. The hon. Member had a long list of numbers. I also have one: 400,000 more people on the payroll than there were before the crisis; 2 million jobs saved because of the actions of this Government; the national living wage going up by £1,000 a year in April; and a £1,000 tax cut for millions of people on universal credit. Those things are what we are doing to put more money into people’s pockets when they need it, and they can rely on us to continue supporting them not just now, but for days and years into the future.

Health and Social Care Levy

Chris Bryant Excerpts

1st reading
Wednesday 8th September 2021 Commons Chamber

[Jesse Norman]

Of course, it is impossible to say in advance what the impact will be, but I would direct my right hon. Friend to the remarks of the Institute for Fiscal Studies where it said that

“based on detailed analysis to be published later this week…this could be enough to meet the pandemic-related pressures on the NHS.”

I think that is a fairly—

[Chris Bryant (Rhondda) (Lab)]

Will the Minister give way?

[Jesse Norman]

No. I have already taken a few, and I will go on a bit further, if I may, and then I will take some more interventions. [Interruption.] Well, the hon. Gentleman has had a fairly substantial go at points of order already, and I welcome his later intervention.

The levy will apply UK-wide to taxpayers liable to class 1 employee and employer, class 1A, class 1B and class 4 self-employed NICs. However, it will not apply where taxpayers pay class 2 NICs or class 3 NICs. It will be introduced from April 2022, and then from April 2023 the levy will also apply to those working over the state pension age. As my hon. and right hon. Friends will understand, it takes time for Her Majesty’s Revenue and Customs to prepare its systems for such a major shift. That is why, in 2022-23, the levy will be delivered through a temporary increase in NICs rates of 1.25% for one year only. All revenues generated by this increase will be ring-fenced and paid to NHS England, NHS Scotland, NHS Wales and the equivalent in Northern Ireland.

--- Later in debate ---

[Rachel Reeves]

The Minister has had a chance and he did not manage it. I will take an intervention from my hon. Friend.

[Chris Bryant]

Seventy per cent. of my constituents own their own home. The average house price in my constituency is £98,000. My constituents on lower than average wages in the country will be asked to contribute more in national insurance. Is it not manifestly unfair that they will still have to find £86,000, and the only place they will find that is out of the £98,000, so as to fund millionaires in south-east England to pass on the whole of their inheritance to their children?

[Rachel Reeves]

My hon. Friend makes the point very well. People will still have to sell their homes to pay for care under these plans. There were three important points—

--- Later in debate ---

[Mel Stride (Central Devon) (Con)]

I rise to welcome, broadly, the motion. It seems to me that social care is one of those issues that parties of both colours have grappled with for many years, yet now we are at last at the point where a Government have the courage and are sensible enough to actually come forward with some realistic proposals. As to the breaking of manifesto commitments, no party ever wishes to do that, but listening to the Opposition it seems to me as if the global pandemic never occurred, as if the economy never shrank by the greatest level since 1709 during the great frost of that year, as if millions of jobs were never imperilled, and as if this Government never had to step in fiscally in a way that probably no Government outside wartime have ever had to do, and with such positive effects.

When it comes to the honesty or otherwise of what the Government have done, I think they have been upfront, very clear and very honest in making it clear that they have broken that commitment, unlike, I have to say, the less straightforward way in which, repeatedly in this debate, the Opposition and the shadow Chancellor have ducked the fundamental question: what is the Opposition’s alternative plan? In response to an intervention by my hon. Friend the Member for Sevenoaks (Laura Trott), the shadow Chancellor, when asked why Labour had supported an increase in national insurance in 2003, said, “Well, we had a plan.” I humbly remind her that that was 18 years ago. What we need to see now is a plan from the Opposition, as well as the criticism.

[Chris Bryant]

The right hon. Gentleman and I have known each other for a very long time. I just hope that he could explain to my constituents why it is right that practically everybody in the Rhondda would have to sell their home to meet the £86,000 cost, whereas next to nobody would have to do so in his constituency.

[Mel Stride]

First, the hon. Gentleman’s knowledge of my constituency is obviously rather deficient, because I expect that mine shares many characteristics in common with his. I do not dispute the fact that any major fiscal move, such as putting up national insurance and bringing in this levy in this manner, will have associated complexities and difficulties. My pledge to the House is that the Treasury Committee will, I am sure, after private discussion, decide that we wish to look more closely at a number of the issues that are being raised in this debate, including the one that he mentioned.

Let us be honest about the options that were available to the Treasury. How could we have squared the circle and funded £10 billion-plus a year? The first thing that the Treasury could have done is to seek to cut expenditure in other areas, yet I have no doubt that if it came forward with any proposals of that nature, the Opposition would have fiercely resisted that as austerity all over again. We have to understand that on the current projections, there are many unfunded commitments, including, for example, keeping our railways going, going for net zero, additional funding that will be needed for school catch-up and so on.

National Insurance Contributions Bill

Chris Bryant Excerpts

2nd reading
Monday 14th June 2021 Commons Chamber

[Madam Deputy Speaker]

As I have said, the hon. Lady can rest assured that Mr Speaker will have made his views very clear. I am not aware of any discussions that have taken place, but I think we would know if the Prime Minister were shortly to arrive here. Instead, I suspect that the Secretary of State will make a statement at 8.30.

[Chris Bryant (Rhondda) (Lab)]

On a point of order, Madam Deputy Speaker. This is somewhat different. It relates to the fact that if the Government are extending the provisions in England in relation to the restrictions on people’s freedom because of covid beyond 21 June, that is also the date when matters change as to how we do our business here in Parliament.

It is actually quite difficult to get a rail ticket from Wales to London because of covid restrictions on trains. People have to book some time in advance. I just wonder when there will be a busines statement that will lay out exactly how we will be doing our business in a week’s time. There are perfectly sensible measures that could be put in place very quickly; I am sure that we would all want to assist in that, but it is important to get these things right. Sometimes, when the Government rush them or do not consult on them, we end up having to tidy them up afterwards.

[Madam Deputy Speaker]

I thank the hon. Gentleman for that point of order. I suspect that the shadow Leader of the House will be having discussions with the Leader of House about that issue, and it may be something that comes forward in a business statement at some point.

I am suspending the House until 8.30 pm.