(4 days, 13 hours ago)
Commons ChamberI just ask the hon. Gentleman what he thinks the effect of increasing taxes on hard-working people does for poverty. Any economist will say it drives poverty up.
There is also the question of the farm tax, with the changes under the inheritance tax regime. In the run-up to the general election, the Secretary of State for the Environment, Food and Rural Affairs, then in his shadow position, looked the National Farmers Union president Tom Bradshaw in the eye and said that, at least on that count, farmers had nothing to fear from a future Labour Government. Well, that lasted about five minutes before they changed and the Chancellor changed her position. That will cause untold misery to farmers up and down our country. It will mean that farms that have been passed down generation to generation over many years will now fall into the tax net and potentially have to be broken up.
We know that there are serious questions over this Chancellor’s alleged experience in the financial services sector. We can see that she has no experience in either industry or commerce. Perhaps the worst of her detriments, however, is her clinical lack of empathy, seeming totally unable to connect cause and effect. That is why she has allowed the disastrous—
Indeed. In terms of that conduct and those decisions that have been made, that is most evident in the egregious family farm tax—a betrayal of the producers of our food, no less—and the, let us call it, management of market-sensitive information before the Budget, which had a material effect on the economy of these islands.
The hon. Gentleman makes excellent points, and I will come to the issue of the market-moving effects of some of the comments made by the Chancellor. On the point that he rightly raises about the impact on people’s lives, these are real jobs. These are people struggling with real businesses. These are farmers getting up early in the morning, going out, working and doing what they know to be right, yet they are weighed down by the decisions taken by the Government.
Labour said that it had no intention of means-testing the winter fuel payment. There was no mention of it in its manifesto during the last general election, yet within a very short period of time, that is precisely what it did. Before Labour Members get excited about excluding millionaires and multimillionaires from those payments, the reality is that about 80% of pensioners living below the poverty line were impacted by that decision, which would have only entrenched and driven up poverty.
(1 year ago)
Commons ChamberMy right hon. Friend is absolutely right. Our record on employment shows that we were a job-creating machine after 2010, and the statistics he cites are quite right.
When it came to business—this is a killer worthy of a stand-up comedy routine—the manifesto said:
“Labour will…support business through a stable policy environment”.
Of course, we know that all sorts of businesses have been hit by this tax increase, including many that directly support our public services: our hospices, our GPs and our pharmacists. Marie Curie has said that it is about to get a tax bill for an additional £3 million. Just think of the impact that will have.
The question that many are now feverishly and worriedly asking is whether there is more to come. Are the Government going to run out of road with their approach to our economy, and will they come back for more? Well, the Chancellor recently told the CBI that the Government will not be
“coming back with more borrowing or more taxes.”
Yet when the Leader of the Opposition put this assertion to the Prime Minister at Prime Minister’s questions today, we heard no answer. When I twice asked exactly that question of the Chancellor yesterday, we heard no response. Currently, these businesses do not know whether the Chancellor’s assertion that there will be no more borrowing and no more taxes is true or false.
It sounds like the shadow Chancellor is unconvinced by the shrill chants of Labour Members that the Government will fix the foundations of the economy, and he has good reason for being suspicious. In October, when the Government had scarcely been in office for three months, they had more in-month borrowing than any UK Government since 1993, with the exception of one month during covid. Does that look like fixing the foundations to the shadow Chancellor?
(1 year ago)
Commons ChamberMy hon. Friend makes an important and valid point. As he says, Labour is now claiming that there will be no incidence of this tax increase on working people, although it seems to have a problem defining exactly what a working person is. None the less, try telling that to those people who will see their wages depressed as a consequence of this measure. Try telling that to the 50,000 full-time equivalents who the OBR says will lose their jobs as a consequence of this measure. Try telling that to the young people up and down our country who, because it is not just an increase in the rate but also an approximate halving of the threshold, will be disproportionately affected.
Labour also reassured farmers. The then shadow Secretary of State for the Department for Environment, Food and Rural Affairs—the now Secretary of State—reassured farmers. He went to the National Farmers Union and said that nothing would be done on inheritance tax and the annual percentage rate. And on that basis, the NFU told its members that, at least on that measure, there was nothing to fear from a future Labour Government. How wrong it was. Only last week, we saw, tens of thousands of farmers, in their dignified way, coming up to the very gates of our democracy to ask a simple question of the Labour Government: “Why did you lie to us?” That is the nub of it. The measure will see the break-up of our farms and it will do nothing for food security.
Does the shadow Minister agree that the Government could not conceivably have been so ignorant about British agriculture that they did not know that inheriting the family farm is no form of enrichment whatsoever? So introducing this change to APR is just pure bad government.
The hon. Gentleman is absolutely right. It demonstrates that this Government do not understand farming and do not understand the countryside. There are 100 Labour Members who represent rural constituencies. I will not guess how many there will be after the next general election, but some number fewer than 100, I suspect.
Perhaps the cruellest deception of all was of our pensioners, who were reassured that there would not be any means-testing of the winter fuel payment, yet what happened? 10 million pensioners are to face a cut. Before somebody on the Government Benches stands up and tells us that some of those pensioners can afford it, I say that many of them simply cannot. Of those under the poverty line, two thirds will actually lose these benefits.
(1 year, 7 months ago)
Commons ChamberIt will intervene at a very early stage of the health journey for those falling out of work and going into long-term sickness and disability benefits. We want to stop that journey by helping people and, through WorkWell, bringing together healthcare assistants and work coach assistants to make sure that we retain people in work or, if they are not far from the labour market, bring them into employment.
Since we began this question session a little over an hour ago, four WASPI women have died while we debate the challenges of their pensions. The Secretary of State talks about the great sums involved, but can I remind him that those sums belong to the women affected? This Government showed no lack of haste in penalising those women. Will they show the same eagerness to compensate them?
It is important that all Government policies are properly costed and that their cost to the taxpayer and the economy are taken into account. I have given the House an assurance that we are looking in great detail at the report. There will be no undue delay, and we will come to our conclusions at the earliest possible moment.